Ulaanbaatar, Mongolia, March 7, 2017
—IFC, a member of the World Bank Group, and the Mongolian Stock Exchange are joining 43 stock exchanges around the world in a global initiative to “Ring the Bell for Gender Equality” – a partnership that highlights how the private sector can spur women’s participation in the economy.
Stock exchanges from Amman, Dhaka, Lima to Yangon, Nairobi and New York are participating, ringing opening or closing bells to mark International Women’s Day. In Mongolia, several prominent institutions joined IFC and the Mongolian Stock Exchange in organizing the event, including the Corporate Governance Development Center, the WomenCorporateDirectors Mongolia Chapter, and the Women Entrepreneurs’ Council of the Mongolian National Chamber of Commerce and Industry.
“Mongolia is a regional and global exemplar of gender equality in terms of access to education, finance, economic opportunities, and wage equality,” said Tuyen D. Nguyen, IFC Resident Representative for Mongolia. “While there is certainly room for improvement, even in typically male-dominated sectors like mining, as well as senior executive and board directorship roles, Mongolia scores remarkably higher than some large OECD countries.”
IFC believes that women—as consumers, employees, business leaders, and entrepreneurs—have the potential to transform the global economy, supporting job creation, raising per-capita incomes, and promoting sustainable development. IFC works with companies in developing countries to generate opportunities for women while also contributing to companies’ bottom lines, productivity, and growth.
“Gender equality is crucial for the world’s progress and development. The Mongolian Stock Exchange is honored to be part of a global event on gender equality by hosting this bell-ringing ceremony,” said Board Director D. Sarangua, who did the bell-ringing honors at the Mongolian Stock Exchange.
By leveraging our relationship with about 1,000 financial institutions and private equity funds, we help expand access to finance for women entrepreneurs. Almost 30 percent of IFC nominee directors are women.
As a member of the World Bank Group, is the largest global development institution focused on the private sector in emerging markets. Working with 2,000 businesses worldwide, we use our six decades of experience to create opportunity where it’s needed most. In FY16, our long-term investments in developing countries rose to nearly $19 billion, leveraging our capital, expertise and influence to help the private sector end extreme poverty and boost shared prosperity. For more information, visit