In Indonesia, 5 of each ten working-age ladies 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 robust progress in schooling and well being for ladies in Indonesia. Inside management positions within the banking and fintech establishments, the gender hole is even better than the typical throughout the economic system. Ladies’s empowerment within the office is a strategic goal for the Authorities of Indonesia, which has articulated targets such because the Ministry of State-Owned Enterprises’ name for 25% of board of director positions to be held by ladies by the tip 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 offers clear suggestions and proof to help efforts to handle 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 Trade” (Iwueze & Baumann, 2022). Whereas this report doesn’t include direct comparisons between Nigeria and Indonesia, the findings from the work in Nigeria had been extremely influential in constructing hypotheses on the largest challenges for ladies—and the largest alternatives for policymakers and monetary providers suppliers.