IFC, a member of the World Bank Group, will partner with WEConnect International to host a Roundtable Session today in Mumbai, India entitled “Proven Strategies to Increase Women SMEs’ Access to Corporate Value Chains in India.” The roundtable is WEConnect International’s fourth joint event held with IFC since announcing its partnership in November of 2018. The IFC - WEConnect International partnership is financed by the Women Entrepreneurs Finance Initiative, or We-Fi.
“This important discussion will showcase some of the most impactful Indian and global initiatives in gender-inclusive sourcing, a business practice which simultaneously drives innovation in the supply chain and equitable economic growth,” says WEConnect International CEO & Co-Founder, Elizabeth A. Vazquez.
The Roundtable brings together global leaders interested in supplier diversity and inclusion for an engaging discussion about Indian and global efforts to close the gap in gender-inclusive sourcing and increase market opportunities for women business owners. Participants will join expert-led discussions, learn about the business case for gender-inclusive sourcing, and share best practices with industry peers.
Following the roundtable event, WEConnect International will host its ThinkBig 2019 conference on December 6th, 2019. The event focuses on the changing face of business ownership and brings together some of the largest corporations in the world together with female business owners from across the region, creating opportunities for greater market access.
IFC—a sister organization of the World Bank and member of the World Bank Group—is the largest global development institution focused on the private sector in emerging markets. IFC works with more than 2,000 businesses worldwide, using their capital, expertise, and influence to create markets and opportunities in the toughest areas of the world. In fiscal year 2019, IFC invested $19.1 billion, including $10.2 billion mobilized from other investors. IFC comprehensive approach helps businesses innovate, build internationally competitive industrial sectors, and create better jobs. For more information, visit www.ifc.org.
About WEConnect International
WEConnect International helps women-owned businesses succeed in global value chains. It identifies, educates, registers, and certifies women's business enterprises based outside of the U.S. that are at least 51% owned, managed, and controlled by one or more women, and then connects them with qualified member buyers. For more information, visit www.weconnectinternational.org.
The Women Entrepreneurs Finance Initiative (We-Fi) is a collaborative partnership among 14 governments (Australia, Canada, China, Denmark, Germany, Japan, the Netherlands, Norway, the Russian Federation, Saudi Arabia, Republic of Korea, the United Arab Emirates, the United Kingdom, and the United States), eight multilateral development banks and other public and private stakeholders. Housed in the World Bank Group, We-Fi seeks to unlock billions of dollars in financing to tackle the full range of barriers facing women entrepreneurs—increasing access to finance, markets, technology, and mentoring, while strengthening policy and legal and regulatory frameworks. For more information, visit www.we-fi.org.
The Council on Scaling Women-Owned Businesses is fostering inclusive learning and sharing of the best practices, programs, and initiatives to enable women-owned businesses to access markets, capital, and the linkages between the two. Through this learning and sharing, the twenty-member Council from the world’s leading financial institutions will come up with a global strategy to address the two major challenges to growth for small and medium women-owned enterprises with a set of recommendations to better connect access to markets with access to capital.