FinMark Trust is an independent trust, established in March 2002 with initial funding from the UK's Department for International Development. The programme aims to mainstream gender into the IFC's work in key areas, while helping to better leverage the untapped potential of women as well as men in emerging markets. Recognising that gender inequality inhibits businesswomen from fully participating in private sector development, IFC launched the Gender Entrepreneurship Markets (GEM) programme in December 2004. Since its founding in 1956, through to 2005, IFC has committed more than $49 billion of its own funds and arranged $24 billion in syndications for 3,319 companies in 140 developing countries. IFC finances private sector investments in the developing world, mobilises capital in the international financial markets, helps clients improve social and environmental sustainability, and provides technical assistance and advice to governments and businesses. The International Finance Corporation’s (IFC) mission is to promote sustainable private sector investment in developing and transition countries, helping to reduce poverty and improve people's lives. Informed by both national and international instruments aimed at advancing gender equity, the Gender and Women’s Empowerment Unit (GWE) is housed within the Enterprise and Industry Development Division of the dti. Since 1998, the dti has been running a gender programme targeting women, with both an internal and external focus.
The department believes that gender equity is an economic issue that is critical in fast-tracking South Africa's economic growth. NOVEMBER 2006 diagnostic study on access to finance for women entrepreneurs in south africa The Department of Trade and Industry (the dti) is committed to addressing the issues of gender equity and economic growth as part of its business mandate.
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