Jakarta Bolstering women’s financial inclusion will reduce the national poverty rate to enable Indonesia to achieve the zero-poverty target in 2024, Finance Minister Sri Mulyani Indrawati stated during the virtual G20 Side Event on Friday.

Improving gender equality and reducing the burden that women bear can boost growth of the global economy or global gross domestic product (GDP) up to US$13 trillion, she emphasized.

G20 is an international forum comprising 19 countries that work together to handle major issues. Indonesia is holding the presidency of the grouping this year.

According to data from the Indonesian Inclusive Finance National Council (DNKI), the rate of women finance account owners had risen to 62 percent in 2021 or equal to men.

However, women’s financial inclusion in Indonesia is still relatively lower than men, as globally, the rate of women’s financial inclusion is still seven points lower than men.

“In addition, currently, women constitute 53.13 percent of the workforce in Indonesia or more than men. This is quite significant, but 62 percent of the women work in the informal sector,” she pointed out.

Source: Antara News