Publication:
Banking on Women Who Trade Across Borders

Simple item page
dc.contributor.authorInternational Finance Corporation (IFC)
dc.date.accessioned2024-06-21T18:17:22Z
dc.date.available2024-06-21T18:17:22Z
dc.date.issued2024-06-21
dc.description.abstractBanking on Women Who Trade Across Borders highlights the need for gender equality in international trade and trade finance, emphasizing its importance for sustainable development in emerging markets. The positive impact that women-led enterprises have on economic growth and poverty reduction is well documented, however there remains a limited understanding of how international trade intersects with female participation, particularly in accessing trade finance. Women entrepreneurs and women-owned enterprises face several challenges in accessing trade finance, including gender bias, limited networks, and information disparities; these are further exacerbated by the business practices of trade finance markets. This report examines the status of women’s access to trade finance, and provides potential solutions derived from interviews with women entrepreneurs and financial institutions in Brazil, Kenya, and Nigeria. Gender and Access to Finance (Chapter 2) summarizes the documentary evidence for the specific challenges women led firms encounter in accessing trade finance, examining the systemic barriers such as small business size, relatively young business age, and the informal status of many women-owned businesses. These barriers persist, despite previous efforts to dismantle them, indicating deeply ingrained biases within capital markets and societies. Stringent collateral requirements, the scale of business activity needed to justify relevant financial instruments, complex documentation processes, the absence of market information, and sectoral disparities in trade finance availability are identified as specific hindrances to women’s ability to access trade finance. The connectivity between these factors demonstrates the need for targeted intervention to address the gender gap in trade finance for women who trade across borders. Country Studies, Results from Brazil, Kenya, and Nigeria (Chapter 3) presents the outcome of interviews conducted with over 200 women in three different emerging economies and provides a real-time portrait of the financial difficulties and common challenges encountered by women-owned firms engaged in cross-border trade. Scaling up Trade Finance for Women-Owned Firms (Chapter 4) provides strategies designed to increase women’s access to trade finance, such as focusing on reducing the information deficit, simplifying financial instruments through digitization, promoting fintech, and increasing capacity building for both firms and financial institutions. The main results of this study and a call to action for all stakeholders, finance providers and development finance institutions, government and regulatory bodies, and women led businesses, are summarized in Recommendations and Action Items (Chapter 5).en
dc.identifierhttp://documents.worldbank.org/curated/en/099906406042485168/IDU13f05207a18c9414c6d19c3012d60e6d84966
dc.identifier.doi10.1596/41757
dc.identifier.urihttps://hdl.handle.net/10986/41757
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/3.0/igo/
dc.subjectGENDER AND FINANCE
dc.subjectTRADE FINANCE
dc.subjectWOMEN-OWNED FIRMS
dc.subjectSDG 5
dc.titleBanking on Women Who Trade Across Bordersen
dc.typeReport
dspace.entity.typePublication
okr.crossref.titleBanking on Women Who Trade Across Borders
okr.date.disclosure2024-06-21
okr.date.lastmodified2024-06-04T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Women in Development and Gender Study
okr.docurlhttp://documents.worldbank.org/curated/en/099906406042485168/IDU13f05207a18c9414c6d19c3012d60e6d84966
okr.guid099906406042485168
okr.identifier.docmidIDU-3f05207a-8c94-4c6d-9c30-2d60e6d84966
okr.identifier.doihttps://doi.org/10.1596/41757
okr.identifier.externaldocumentum34332971
okr.identifier.internaldocumentum34332971
okr.identifier.report190870
okr.import.id4553
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099906406042485168/pdf/IDU13f05207a18c9414c6d19c3012d60e6d84966.pdfen
okr.region.geographicalWorld
okr.topicGender::Gender and Development
okr.unitBanking on Women - FIG (CFGBW)
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
IDU13f05207a18c9414c6d19c3012d60e6d84966.pdf
Size:
2.25 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
IDU13f05207a18c9414c6d19c3012d60e6d84966.txt
Size:
126.4 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
Women in Development and Gender Study