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SRI LANKA NEWS

Women and Ride-hailing in Sri Lanka - International Finance Corporation (IFC)

Lanka Hit News • Nov 9, 2023 · 3y ago • 1 min read
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Women and Ride-hailing in Sri Lanka International Finance Corporation (IFC)

IFC is the largest global development institution focused on the private sector in developing countries. By encouraging growth, IFC advances economic development, creates jobs and improves the lives of people.

IFC advances economic development and improves the lives of people by encouraging the growth of the private sector in developing countries. We achieve this by investing in impactful projects, mobilizing other investors, and sharing expertise.

As the largest global development institution focused on the private sector, IFC operates in more than 100 countries around the globe. We apply lessons learned in one region to solve problems in another.

Our impact improves lives. IFC brings a clear set of advantages to the world’s most challenging markets. Including a history of innovation, a global mandate, and a determination to achieve measurable development impact.

Owned by 186 member countries and consistently rated AAA/Aaa. IFC aims to achieve our mission of promoting development by providing debt and equity to the private sector, through a range of benchmark and bespoke products.

The ride-hailing industry is playing an increasingly important part in Sri Lanka’s transportation ecosystem. This research explores whether the industry could play an important role in closing the gender gap in mobility and economic participation in Sri Lanka. The study identifies risks and opportunities for women in ride-hailing; determines how ride-hailing could close economic and social gaps between men and women; and explores the business case for the private sector to better understand and serve women both as drivers and riders.

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