What Are the Challenges Women Entrepreneurs Face in G20 Nations despite Gender-Based Govt Reforms

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Despite gender-based government reforms in G20 nations, women entrepreneurs continue to face significant challenges. These challenges are outlined in a recent report by the Organization for Economic Cooperation and Development (OECD), which highlights the need for greater support and investment in women-owned businesses.

The report identifies several key barriers that women entrepreneurs face, including limited access to finance, networks, and information. Women-owned businesses also tend to be concentrated in certain sectors, such as retail and services, which may be subject to greater competition and regulatory barriers.

Moreover, women entrepreneurs often face discrimination and bias, both in terms of access to funding and in the marketplace. This can lead to lower profitability and growth potential for women-owned businesses, as well as reduced innovation and economic growth for the wider economy.

To address these challenges, the OECD report calls for greater investment in women-owned businesses, as well as targeted support and mentoring programs. It also emphasizes the need for more inclusive policies and regulations that recognize and support the contributions of women entrepreneurs.

RE-reported from the story originally published in The Wire