ECA advice to decrease female poverty in North Africa
Improving women’s access to finance in North Africa would decrease poverty throughout the region, especially in rural areas.Improving women’s access to finance in North Africa would decrease poverty throughout the region, especially in rural areas.
According to new research by the Economic Commission for Africa (ECA) quoted by All Africa, the financial inclusion of women living in Algeria, Morocco, Tunisia and Egypt is significantly below men’s.
The ECA encourages Maghreb countries to ask that loans granted to females are equal to those given to males so that they can for instance purchase the land they cultivate. At the moment, only 10% of women in North Africa own their land, half the number of men.
Another improvement in terms of loans would be to allow women to ask for them without needing a man’s approval.
The ECA would also like to see an improvement in access to microfinance, especially in rural areas.
Studies carried out in multiple countries across all continents have shown that improving women’s access to finance improves the conditions of their entire community.
Indeed, women are more likely than men to use this access to purchase food, medicine etc.