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IFC, global partners for boosting economic participation of women

Published : Wednesday, 19 March, 2025 at 12:00 AM  Count : 442
Business Correspondent
The International Finance Corporation (IFC) has partnered with Dhaka Stock Exchange (DSE), UN Women, United Nations Global Compact and the Swiss State Secretariat for Economic Affairs (SECO) to Ring the Bell for gender equality to mark International Women's Day.

The event highlighted the private sector's key role in boosting the economic participation of women to achieve sustainable development.

It also emphasizes the 2024 Corporate Governance Code, which requires at least one female independent director on the boards of listed companies.

Notably, the percentage of female independent directors increased from 5 percent in 2024 to 6.17 percent in 2025, reflecting efforts to increase women's representation in management and board positions in Bangladesh, said an IFC press release.

The percentage of female board members among listed companies is 19 percent demonstrating a positive move towards gender parity," said Farzana Lalarukh, Commissioner, Bangladesh Securities and Exchange Commission.

She said, "We remain fully committed to closing the gender gap and promoting women's role in leadership, particularly in listed companies in Bangladesh. This will help private sector companies create value and promote inclusive growth"
The Ring the Bell initiative is emblematic of IFC's commitment to gender equality, in collaboration with key development partners.

Through its Environmental, Social, and Governance (ESG) project in Bangladesh supported by Swiss State Secretariat for Economic Affairs (SECO), Embassy of Switzerland in Bangladesh, IFC aims to boost the representation of women in leadership positions beyond the current 15 percent.

IFC will also increasingly leverage its client relationships to expand access to finance for female entrepreneurs.

To increase women's representation on boards, we must support their rise into leadership roles across all sectors. IFC recognizes the critical role of capital markets and the private sector in driving this effort," said Martin Holtmann, IFC's Country Manager for Bangladesh, Bhutan and Nepal.


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