AusAID, IFC to support WIB plan

 THE International Finance Corporation (IFC) and the Australian government will support PNG’s private sector to establish Women in Business Initiative. 

It will facilitate connections between businesses to demonstrate through policy, practice and profit that women’s economic empowerment is smart economics.

IFC is a member of the World Bank Group.

Through funding from the Australian Agency for International Aid (AusAID), IFC will provide financial and technical support to the PNG business community in setting up the WIB Initiative.

Funding will come under the PNG Business Council and the Port Moresby Chamber of Commerce and Industry. 

The initiative will enable businesses to recruit, retain and promote female employees through sharing best human resources policies and practices, IFC said. 

It will also provide training opportunities and will serve as a platform for communication between the government and the private sector to devise ways to help women advance in the workplace and for women to network with and learn from each other.