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IFC, SECM, and YSX join 42 stock exchanges to “Ring the Bell for Gender Equality”

Yangon, March 8, 2017 —IFC, a member of the World Bank Group, is helping celebrate International Women’s Day by jointly organizing a global event in which eminent women will promote gender equality by ringing the opening and closing bells at 43 stock exchanges around the world, including the Yangon Stock Exchange (YSX). The event will highlight the economic imperative of empowering women in the workplace, marketplace, and community.
The Yangon part of this global event is being co-organized by IFC and the Securities and Exchange Commission of Myanmar. “This is the first time that the “Ring the Bell for Gender Equality” event is held on the Yangon trading floor and we are proud to join this global initiative,” said U Maung Maung Win, Chairman of the Securities and Exchange Commission of Myanmar. “It signals our commitment to advancing gender equality in Myanmar’s institutions and companies.”
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. “This is why we work to promote gender inclusion in all of our activities and leverage our relationships with financial institutions to improve women’s access to finance,” said Vikram Kumar, IFC Country Manager for Myanmar. “Gender diversity in corporate leadership is also key—the presence of women on boards and in leadership positions has a positive impact on financial performance, shareholder value, and sustainability. Currently, about 30 percent of directors nominated by IFC on the boards of its investee companies are women.”
Now in its third iteration, “Ring the Bell for Gender Equality” event series is a partnership of the Sustainable Stock Exchanges (SSE) Initiative , together with the UN Global Compact , UN Women , IFC, Women in ETFs , and the World Federation of Stock Exchanges .
About IFC
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 www.ifc.org .
About the Securities and Exchange Commission of Myanmar
The Securities and Exchange Commission of Myanmar (SECM) was formed on 19 August 2014, according to the Notification No.64/2014 of the office of Union Government. It is composed of 7 members headed by Chairman cum deputy minister of Ministry of Planning and Finance. The Commission is regulatory body for the Securities Industries responsible for the establishment of Stock Exchange, and also formation of fair, efficient, and liquidity transparent market in Myanmar.
About the Yangon Stock Exchange
Yangon Stock Exchange (YSX) is a first-ever modern stock exchange in Myanmar which was started its operation in March 2016 after holding a grand opening ceremony on 9 th December, 2015. In line with nation’s policy, YSX is a unique place for providing market facilities for securities trading aiming to achieve economic development with mobilizing long term fund through making new investment opportunities and building public confidence upon the stock market. Moreover, YSX will be continue to make an effort to improve the stock market in terms of Integrity, Fairness and Openness to investors.