Morocco’s actions in terms of gender-responsive budgeting (GRB) are a model to follow, said Wednesday in Casablanca, Anita Bhatia, United Nations Under-Secretary-General and Deputy Executive Director of UN-Women.
Morocco has done commendable work on gender budgeting, and the United Nations and UN Women are sharing these actions with the world as “an example of GRB”, she said at the opening of the meeting. International Conference on Sustainable and Inclusive Financing for Gender Equality.
She also underlined that Morocco remains among the strongest and most powerful partners in terms of gender-responsive budgeting. “Morocco has made history,” she noted, hailing at the same time the Banque centrale populaire (BCP) for its commitment to gender-sensitive finance.
In this sense, Anita Bhatia specified that through certain innovative instruments, like microfinance which occupies an important place within the Moroccan financial system, “we can indeed find new ways to include women in the economy”.
And to add: “Today, we need bold actions, high visibility and concrete and measurable initiatives that will allow us to increase the rate of participation of women in the economy to 30% at the end of the year. ‘horizon 2030’.
The inclusion of women through sustainable financing will also lead to stronger human development, which is a priority for both the Moroccan government and the UN, she said, highlighting the need to public-private partnerships to anchor human development and women’s economic empowerment.
The UN official also pointed out that over the past three years, the world has witnessed a great regression in gender equality due to the Covid-19 crisis, climate change and conflicts, calling on governments to s to ensure that women are genuinely recovering from this situation in order to build stronger and more resilient economies.
For her part, the Minister of Solidarity, Social Integration and the Family, Aawatif Hayar, reviewed the main initiatives of Morocco which are part of the reform process in favor of women’s rights as well as than measures related to funding for gender equality.
“Our country is today experiencing an important and unique historical moment, during which we are striving to achieve tangible progress at all levels, in particular in terms of the empowerment of women”, she argued, recalling that the Kingdom is making great efforts in the field of the financial inclusion of women, to strengthen their participation in all areas of development, in particular the financing of business creation.
In this sense, she noted that the development of a program for economic empowerment and female entrepreneurship is the cornerstone of the strengthening of any equitable social policy, announcing that work will be carried out to consolidate employment opportunities. and economic empowerment of women, support social reintegration initiatives and promote the local policy.
Regarding the economic empowerment of rural women, she said that several agreements have been signed with the local authorities of the provinces of Figuig, Berkane, Khénifra and Béni Mellal, and the National Initiative for Human Development (INDH), as well as with international partners such as the United Nations Population Fund (UNFPA), noting that social incubators will be set up to encourage the launch of income-generating projects by women.
This stage requires collective mobilization and particular attention to issues relating to gender equality, in particular “sustainable financing”, which requires the allocation of a constant budget in order to effectively achieve gender equity and parity. -women, she said, urging all stakeholders to adopt the gender approach, in all sectoral and territorial programs, policies and strategies, in order to make gender equality a priority.
Organized by the Ministry of Economy and Finance in partnership with UN-Women, the International Conference on Sustainable and Inclusive Financing for Gender Equality aims to initiate reflection on synergy, partnerships and mobilization streams of public and private finance as transformative and innovative investment levers to boost women’s economic inclusion.
Under the slogan “EmpoweringEquality”, this conference brought together key national actors from government, institutions, financial institutions and the private sector, as well as international actors who influence capital markets and trends in sustainable finance, investment funds , international financial institutions and foundations.