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Women empowered
Women beneficiaries of economic empowerment initiatives
Definition
OECD defines “economic empowerment” as “the capacity of women to participate in, contribute to, and benefit from growth processes in ways that recognize the value of their contributions, respect their dignity and make it possible to negotiate a fairer distribution of the benefits of growth". This indicator counts the number of women who receive support from OPEC Fund-financed initiatives that enhance women’s economic empowerment, focusing on improving labor market outcomes, improving workplace conditions/benefits, and expanding opportunities for entrepreneurship, including female farmers. More specifically, support may include scholarships for higher education, labor intermediation services, financial and non-financial services for women entrepreneurs, financial education, direct employment, property/land titling, and access to technology. The indicators also include the number of women-owned MSMEs reached with loans and guarantees.
This indicator reflects the aggregate results of all projects completed in the public sector, or those that have reached Early Operation maturity in the private sector. The OFRF presents both the most recent year’s results (for the 12 months leading up to June 30th of the stated year) and three-year rolling cumulative values (for the 3 years leading up to June 30th of the stated year), to address annual data variability and provide a longer-term perspective on development results achieved.
Why it matters for the OPEC Fund
Economic empowerment of women reduces poverty, strengthens household resilience, expands economic participation, and drives more inclusive and sustainable development outcomes. The OPEC Fund supports these results through operations in priority areas as outlined in the Review and Update of OPEC Fund Strategic Framework 2030—specifically Human Capital, Institutional Capacity, Private Sector and Trade, and Food Security—by financing programs and services that enhance women’s access to skills, finance, markets, and productive opportunities. This indicator aligns with SDG 1 (No Poverty), SDG 2 (Zero Hunger), SDG 4 (Quality Education), SDG 5 (Gender Equality), SDG 8 (Decent Work and Economic Growth), SDG 9 (Industry, Innovation, and Infrastructure) and SDG 10 (Reduced Inequality).