The Republic of Moldova joins the “Ring the Bell for Gender Equality” initiative. In doing so, our country is committed to promoting gender equality in the financial sector.
The ringing of the bell marks the start of the trading day on the stock exchange, and the initiative is taking place for the tenth time worldwide and is being carried out for the first time in Moldova.
This event was organised by UN Women, the Moldovan Stock Exchange and the International Finance Corporation, reports IPN. Over the past ten years, the ceremony has become a symbol of solidarity and a call to action for stock exchanges worldwide, advocating for diversity and inclusion in the sector.
“Let’s invest in women to accelerate progress.” In her view, investing in women must encompass all stages of personal development, starting with the education process and continuing with the training process. “Ensuring access to quality education for girls and women provides the necessary tools to develop their skills and reach their full potential.
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Also, ensuring equal professional opportunities and creating a gender-equitable professional environment is the sustainable foundation for creating an inclusive society and a resilient economy. It is therefore crucial to recognise and support women in their careers, especially in areas where they are under-represented,” said Tudor Muravschi, President of the Moldovan Stock Exchange.
Galina Cicanci, Country Manager, International Finance Corporation, said the event marks the importance of gender equality and women’s participation in the private sector, which is often undervalued. In her view, women have less access to employment opportunities, less access to capital to grow their businesses, and less income to invest in the future.
“In Moldova, the female labour force participation rate is about 38% – below the male participation rate. Unfortunately, caring responsibilities in the family and unpaid work at home are a hindrance to attracting women more actively into business and professional careers. At the same time, the wage gap, when women are employed, compared to men’s income, is around 15-17% in Moldova,” said Galina Cicanci.