The World Bank: Egypt is top in the pension and entrepreneurship index

Egypt scored the highest point in the pension index with 100 points, followed by the entrepreneurship and work environment index by 75 points.

This was stated in the World Bank Group’s Women, Business and the Law Report 2021.

In its report, the World Bank stated that countries around the world seek to achieve greater gender equality, but women around the world still face laws and regulations that restrict economic opportunities that can arise for them, as the Coronavirus pandemic creates challenges that threaten their health, safety and economic security.

In May of last year, Egypt launched, in cooperation with UN Women, the initiative “Our mental health is a priority”, in the context of confronting the challenges caused by the Corona pandemic and the psychological pressures that millions of families have suffered from around the world. It is an awareness initiative that includes a group of Psychologists and psychological support institutions, to support women during the Corona pandemic.

In addition, the Ministry of International Cooperation, in cooperation with the Ministry of Social Solidarity and the United States Agency for International Development, launched a program to support the Egyptian Red Crescent network, which includes 30,000 volunteers, within the framework of enhancing community awareness to prevent the spread of the Corona pandemic and the necessary preventive measures, and building the capacity of the Red Crescent Organization to respond to future crises, with Giving priority to psychological support during the pandemic, for citizens as well as workers in the organization to be able to fulfill their roles.

The Ministry of International Cooperation and the National Council for Women, in partnership with the World Economic Forum, launched the implementation plan for a catalyst for bridging the gender gap, making Egypt the first country in Africa and the Middle East and North Africa region to launch this platform that aims to enhance joint efforts between the governmental and private sectors, civil society and international partners to empower Women economically.

Among the most important features of the executive procedures targeted to be implemented within the “gender gap catalyst”, which includes supporting the representation of women in boards of directors and assuming leadership positions, and working to approve policies that would reduce the challenges that women face in balancing their work with the responsibility of caring for children, and motivating Investing in the public and private sectors in the field of caring for children and the elderly, and launching initiatives to raise awareness of the importance of women’s responsibilities, in addition to working to provide women with skills and experiences and designing programs that represent a catalyst for developing women’s skills in the fields of information and communication technology, science, engineering, mathematics and artificial intelligence.

The executive plan also includes strengthening and stimulating mentorship and women leadership programs for companies, in order to improve corporate policies in the field of gender equality, enhance women’s leadership in boards of directors, and implement gender equality models by building the capacities of relevant government agencies to expand gender-responsive services and policies. And developing motivational tools for the private sector, as well as using digital marketing in order to help women entrepreneurs and startups to better access local and global markets.

It is worth noting that the annual report 2020 issued by the Ministry of International Cooperation under the title “International partnerships for achieving sustainable development … Shaping the future in a changing world” includes a whole chapter on women’s empowerment and the efforts made by the state in this context, as well as partnerships with partners. Multilateral and bilateral development, and according to the development finance matching map with the sustainable development goals, the ministry’s ongoing portfolio includes 34 projects to achieve gender equality and support equal opportunities, worth $ 3.3 billion, representing 13% of the total development finance portfolio.

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