Gender Finance Task Force Action Plan infographic;
Credit: MFIN
Luxembourg's Ministry of Finance has reported that the Gender Finance Task Force (GFTF) announced its action plan on Thursday 4 July 2024.
Launched in 2023 by the Ministry of Finance, the aim of the GFTF is to support, drive and stimulate gender finance in Luxembourg's financial centre and beyond.
The Gender Finance Task Force Action Plan sets out various action points to advance gender finance in Luxembourg's financial centre, focusing on both "women in finance" and "finance for women". The action plan further seeks to identify opportunities for individual and collaborative actions between public and private actors.
Topics include promoting financial literacy and raising awareness of finance career opportunities among women and girls and enhancing mentorship and sponsorship opportunities for women in the financial sector. Additionally, noted the ministry, the GFTF will develop a working definition for gender finance for Luxembourg, drive innovation and acceleration in gender finance, and encourage the development of financial products and services tailored to women's unique needs.
Luxembourg's Minister of Finance, Gilles Roth, stressed: "We must do more to increase the representation of women in finance and consider gender perspectives in the development of financial products and services. As a ministry, we will continue to work with decision makers of the financial sector and other stakeholders to develop actionable solutions and elevate Luxembourg into a centre of excellence in gender finance."
The ministry recalled that Luxembourg has historically been at the forefront of sustainable finance and consistently reinforces its role as a pioneer and leader in this area. The GFTF Action Plan further underpins Luxembourg's commitment to embrace and advance the social dimensions of sustainable finance, along with other focus areas, the ministry concluded.
