Partnership on women-owned enterprises between AfDB and Finance Alliance is renewed

The partnership's goal is to spot areas where policies might be improved in order to most effectively eliminate barriers to accessing credit.To continue assisting Africa's women-owned small and medium-sized businesses, the African Development Bank (AfDB) and the Alliance for Financial Inclusion (AFI) have renewed their project cooperation. According to a statement on the Bank's website, the cooperation will continue to support the firms' policy and regulatory reforms for an additional four years. The Gender Equality Trust Fund of the Bank will provide the initiative more than $4 million, according to the announcement. It said the announcement came on during the 2023 AFI Global Policy Forum in Manila. AFI is a global policy leadership alliance owned and led by central banks and financial regulatory institutions with the purpose of advancing financial inclusion around the world.