Female entrepreneurs can add substantially to economic growth and poverty reduction.
To shape a sustainable and inclusive recovery from COVID-19, we need to include the voices of female social entrepreneurs.
Whether it has been New Zealand under Jacinda Ardern or Germany under Angela Merkel, studies have shown that female-led countries have performed better in handling the COVID-19 pandemic.
Yet, according to the World Economic Forum’s Gender Gap Report report, it will take 95 years to close the gender gap in political representation. Progress in economic participation and opportunity has regressed, with the deteriorating situation forcing gender parity to a lowly 57.8%, which in terms of time represents a massive 257 years before gender parity can be achieved.
NgulDumb
Financial Literacy is globally recognized as an essential life skill. According to the Bhutan Royal Monetary Authority’s State of Financial Inclusion Report 2019, Bhutan’s financial inclusion in terms of savings account penetration is 68% of the adult population for 2019. There is still a considerable amount of the population that remains in the informal financial sector, and without adequate financial education programs in the country, Bhutanese people possess poor personal financial management skills such as the absence of a savings culture and lack of basic financial knowledge.
With the current downturn in the economy due to COVID-19, the Thimphu Hub Global Shapers believe personal financial management advocacy is essential to help the community make smart financial choices. The hub s primary objective is to initiate conversations, create a buzz around money, and to share real-life experiences and tips for personal financial growth.