Original Source: FMO
FMO is part of a syndicate of five European development finance institutions (EDFIs) that recently signed a commitment with Bank of Georgia (the Bank) to the 2X Challenge, an initiative to increase access to finance for women-owned, women-led and women-supporting enterprises in developing and emerging countries.
Bank of Georgia is one of the largest banks in Georgia. By joining the 2X Challenge, Bank of Georgia signals its objective to provide women in Georgia with improved access to quality employment and economic participation. Over 40% of the Bank’s workforce is female, and they have made significant efforts to support the advancement of women in their workforce. This includes compensation for things like maternity leave, marriage and flexible days off.
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