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Making Progress: Sri Lankan Businesses Advance Gender Equality - International Finance Corporation (IFC)

Lanka Hit News • Jul 2, 2023 · 3y ago • 2 min read
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IFC is the largest global development institution focused on the private sector in developing countries. By encouraging growth, IFC advances economic development, creates jobs and improves the lives of people.

IFC advances economic development and improves the lives of people by encouraging the growth of the private sector in developing countries. We achieve this by investing in impactful projects, mobilizing other investors, and sharing expertise.

As the largest global development institution focused on the private sector, IFC operates in more than 100 countries around the globe. We apply lessons learned in one region to solve problems in another.

Our impact improves lives. IFC brings a clear set of advantages to the world’s most challenging markets. Including a history of innovation, a global mandate, and a determination to achieve measurable development impact.

Owned by 186 member countries and consistently rated AAA/Aaa. IFC aims to achieve our mission of promoting development by providing debt and equity to the private sector, through a range of benchmark and bespoke products.

The SheWorks Sri Lanka partnership was established in March 2018. As the partnership completes its first year, this report captures group-level progress toward realizing SheWorks commitments. SheWorks members are spread across Sri Lanka’s different priority sectors, such as garments and apparel, tourism, information technology, banking and finance. Learn more about SheWorks Sri Lanka efforts: www.ifc.org/sheworkssrilanka

Learn more about global SheWorks efforts: www.ifc.org/sheworks Join the conversation: #SheWorks

This report consolidates 18 members’ learnings and best practices around the recruitment, retention, and promotion of employees. SheWorks members have contributed their knowledge and expertise to this report. This report highlights a few experiences of SheWorks members, draws on the lessons the members have learnt from the seminars, and connects the dots in advancing women’s employment.

The aim of this report is to help companies across regions and sectors identify and implement gender-smart recruitment, retention, and promotion policies that work best for their employees and the business. The six commitments of the report reflect the SheWorks members’ self-reported commitment measures.

Each commitment is divided into four sections: The business case, key highlights, one-year outcomes, and best practices. The report concludes with suggestions for future research and partnerships, and highlights areas which can be further actioned through the SheWorks Sri Lanka partnership and are also vital to advancing women’s employment.

SheWorks Knowledge Report: Putting Gender Smart Commitments Into Practice

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