Studies have shown that women who are empowered economically invest a significant share of their income back into their families and communities. This has the ripple effect of improving education access, health and well-being of their families and communities.
Despite this huge contribution, they are often left out of the formal economy. The International Monetary Fund (IMF) in 2023 estimated that only 47 percent of women are in the labour market compared to 72 percent of men since 1995.