Greater involvement of women in the labor force also has a significant social impact—paid employment is known to increase women’s agency and empowerment. The IFC partners with private sector companies to demonstrate the business case for investing in women and also supports increased investments in women-operated and women-owned small and medium enterprises.
The World Bank Group promotes increased access to financial and non-financial services for women and women- owned MSMEs, and conduct analytical work focusing on effective implementation of labor laws and policies to provide safe working spaces for women.