New technology applications have a great potential to help us achieve equity over the next decade. To that end, it is essential to invest in innovations that do not replicate gender biases, are developed by women and promote women’s technology investments.
Gender lens investment has great social impact, and a safe, sustainable long-term ROI, bringing about profitability while pushing for equality.
The net-zero transition will struggle to move ahead if it’s not gender-conscious and doesn’t meet the needs of entire communities across Latin America and the Caribbean.
The Mexican fintech Konfío is eliminating gender bias by using fair algorithms to make lending decisions based only on applicants’ credit risk. A new IDB Invest study that measures the impact of a Konfío loan on company sales shows that women-led businesses have the most to gain.
Inclusive supply chains that integrate women suppliers, mainly women-led or -owned SMEs, drive economic growth, employment and business benefits, while creating an opportunity to build partner loyalty and offer new perspectives and ideas for innovation.
By closing the technology and gender digital divide, we could add about $2 trillion to global GDP, and prevent the creation of wider gender gaps as automation replaces the less-qualified workforce, frequently women, in larger numbers.