Finance expert advocates Women’s Development Bank to boost economic growth [Video]

According to Adzo Apetorgbor, transforming DBG into a gender-focused development finance institution (DFI) would accelerate financial inclusion, attract targeted international funding and maximise economic benefits.

She added that a WDB would provide tailored financial solutions to women entrepreneurs, particularly small and medium-sized enterprises (SMEs), which often face credit barriers such as high collateral requirements and gender-based lending biases.

She also highlighted the potential for greater economic and social impact, citing studies that show women reinvest up to 90 percent of their income into families and communities. A gender-focused bank, she argued, would drive GDP growth, create jobs and contribute to poverty reduction more effectively than a generalist development bank.

Additionally, Ms. Apetorgbor noted that DBG’s current wholesale …