March 23, 2017 – PEP researcher, Thierry Babilla, presented his team’s findings on the impact of limited credit access on female entrepreneurship in Cameroon during the 2017 IMF Conference on Gender and Macroeconomics held in Washington, D.C., USA.
As one of only twenty-five papers selected from over 1000 submissions, presenting to a large audience of policymakers, NGOs, think tanks and academics at the IMF conference was both a great honor and a great opportunity for the team.
The PEP research paper was selected for the session on financial inclusion. During this session, Mr. Babilla explained the importance of the team’s methodology for identifying and understanding gender inequality as well as how the model for Cameroon can be extended to other developing countries.
Mr. Babilla described how their methodology helped to understand the way that social norms increase gender inequality when it comes to saving decisions and how this decreases the value and quantity of women’s collateral when trying to obtain a business loan. The team was also able to demonstrate both the potential negative consequences of gender inequality, and the positive outcomes (such as job creation, economic diversification, and inclusive growth) of gender financial inclusion on the national economy. Find out more on the PEP project webpage.
Based on the team’s findings, Mr. Babilla explained how their methodology can be extended to other developing countries that are trying to diversify their economies, and how it is useful for all countries seeking inclusive growth.
The Managing Director of the IMF, Christine Lagarde, highlighted the PEP team’s research during her opening remarks and stated that many of the team’s policy recommendations will be used by the IMF in discussions with member countries as part of their economic program.