Private sector development represents a powerful way to address gender equalities and empower women both economically and socially.
At the same time, engaging women in productive employment can have economy-wide benefits.
The WED group’s strategic aim is to therefore harness the knowledge and expertise of DCED member agencies to overcome some of the major obstacles to Women’s Entrepreneurship Development in developing countries.
Member agencies have so far focused on sharing information and
experiences of interventions to support women’s entrepreneurship
. Two inter-agency technical exchanges have been held: one on WED and results measurement
, and one on women and information and communication technologies (ICTs)
In October 2012, the Group has published a scoping study of donors’ and development agencies' activities and approaches in the WED field. Based on activities and approaches currently being used to promote women’s enterprises, the study identifies gaps in knowledge about the impact and effectiveness of WED projects and makes recommendations for areas of joint work that the Working Group could carry out in future to improve the situation. The end goal is to help practitioners to anticipate and overcome gender fault lines in PSD projects in general.
The WED Group has also been consulted on a study that is being carried out by the Green Growth Working Group on Green Growth and Gender.
The DCED has developed tools to facilitate monitoring of the
gender impacts of PSD interventions. The DCED Standard can be used to
measure the gender impact of PSD interventions in terms of employment
and entrepreneurship. The DCED will assist both its members’ and other
development partners’ efforts to assess and learn from their
interventions in this respect.