In Indonesia, 5 of each ten working-age girls are engaged within the workforce in comparison with 9 of each ten working-age males, the most important labor-force participation hole in Southeast Asia.
This hole persists regardless of sturdy progress in schooling and well being for ladies in Indonesia. Inside management positions within the banking and fintech establishments, the gender hole is even larger than the typical throughout the financial system. Ladies’s empowerment within the office is a strategic goal for the Authorities of Indonesia, which has articulated objectives such because the Ministry of State-Owned Enterprises’ name for 25% of board of director positions to be held by girls by the top of 2023.
This report explores the challenges to and alternatives for ladies’s management inside banks and fintech establishments. In doing so, it seeks to uncover views on the gender hole actuality amongst women and men professionals within the banking and fintech sectors in Indonesia. It additionally supplies clear suggestions and proof to help efforts to deal with these gender equality challenges.
This analysis follows on related work carried out by Ladies’s World Banking in Nigeria, “Advancing Ladies as Leaders in Nigeria’s Finance Business” (Iwueze & Baumann, 2022). Whereas this report doesn’t comprise direct comparisons between Nigeria and Indonesia, the findings from the work in Nigeria had been extremely influential in constructing hypotheses on the most important challenges for ladies—and the most important alternatives for policymakers and monetary providers suppliers.