UNDP Mongolia joins Expert Workshop on "Gender Mainstreaming in the Financial Sector"

Posted November 17, 2021

Press release

17 November 

The gender in finance focused workshop was held as a thematic workshop to ensure gender equality and human rights in the financial sector, as part of "Financing the future, we want!" 7th Annual Mongolian Sustainable Finance Forum to be held on 25 November 2021. 

The forum was opened by Mr Norihiko Kato, Chairman of the Mongolian Sustainable Financing Association and CEO of Golomt Bank, Ms T.Enkhbayar, Secretary of National Committee on Gender Equality, Ms Elaine Conkievich, UNDP Mongolia Resident Representative, and Mr Mark Koenig, Country Representative of the Asia Foundation.

UNDP Mongolia Resident Representative highlighted in her opening speech that “Gender equality is a fundamental human right, and the advancement of gender equality is one of the critical developments and policy objectives for Mongolia. A series of concrete actions that the private sector can take to enhance gender equality include: 

·       Enhancing the participation and representation of women at management and decision-making level, 

·       Developing a corporate gender policy, 

·       Offering flexible work environments to cater for the demands related to gender, 

·       and using gender lens when making any business decisions.

These steps will take us forward to a new level in creating a more inclusive and gender-responsive recovery for the society and the economy. “

In the framework of gender-responsive national financing framework under the Integrated National Financing Framework (INFF) with the Ministry of Finance and UN Joint Programme “Rolling out an Integrated Approach to the SDG s in Financing in Mongolia”, a Baseline Study on “Integration of Gender Responsive Practices of the Mongolian financial sector” was conducted on promoting gender equality and human rights in the financial sector. Ms. Carey Bojnanen, International Consultant,  shared key highlights and further actions. Sample gender policies, tools and finance products for commercial banks and financial institutions will be developed based on the study.

Forum discussions on "Energy Saving Housing Financing", "Sustainable Financing in the Textile Sector" and "Climate Risk Assessment in the Financial Sector" will be held this week, November 22, 23 and 24, and the main forum will be held on November 25, both in-person and online.