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Improving the investment climate and the economic empowerment of women

Global project to improve the investment climate and the economic participation of women

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  • Commissioning Party

    German Federal Ministry for Economic Cooperation and Development (BMZ)

  • Cofinancier

    European Union, Organisation of African, Caribbean and Pacific States (OACPS)

  • Overall term

    2019 to 2025

  • Other Stakeholders

    Expertise France / Agence Française de Développement (AFD), SNV Netherlands Development Organisation, British Council

  • Products and expertise

    Economic development and employment

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The private sector is crucial for a country’s economic and social development. However, there are hurdles that make it difficult to establish and grow businesses. In addition, there is often a lack of incentives to switch to socially just and environmentally sound business models. Women in particular encounter resistance as entrepreneurs, employees and leaders.


The business and investment climate in African, Caribbean and Pacific (ACP) countries have improved, especially with regard to women's economic participation.

A woman and a man sit at a table with laptops in front of them.


The project implements the German contribution to the Investment Climate Reform (ICR) Facility. The German Federal Ministry for Economic Cooperation and Development (BMZ) finances the ICR Facility together with the European Union (EU), the OACPS and the British Council. The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, the British Council, Expertise France and the Dutch development organisation SNV implement it.

The ICR Facility supports policy reforms, public-private dialogues and the development of financial systems. In doing so, it aims to improve the business and investment climate and women’s economic empowerment in African, Caribbean and Pacific (ACP) countries. It provides technical expertise to public and private organisations from ACP countries such as government bodies, public agencies, development banks and associations. On request, the ICR Facility provides up to 90 days of consultancy. Since May 2022, it has focused on working on initiatives and reforms that advance women’s economic situation.

Three women sit at tables.

Last update: August 2023

Additional information