Introduction
We are thrilled to introduce the FEMpower in Finance project, spearheaded by The Vision Works (Germany) in partnership with Stichting Go-Woman Alliance Europe (Netherlands), UClan Cyprus Limited (Cyprus), Momentum Educate + Innovate Limited (Ireland) and The Hub Nicosia Ltd (Cyprus). The project tackles one of the most persistent challenges across the European Union, gender-based economic inequalities.
In 2020, the average Gender Pay Gap in the EU stood at 13%, which means women would need to work an additional 1.5 months per year to earn as much as their male counterparts. Some nations face even steeper disparities, such as Latvia (22%) and Germany (18%). The issue becomes even more pronounced in later years, with the Gender Pension Gap reaching 25.9% in 2021, leaving women disproportionately at risk of old-age poverty.
Through FEMpower in Finance, we aim to equip women with the financial skills and confidence necessary to bridge these gaps and achieve economic security. By fostering sustainable financial literacy, we empower women to make informed decisions that promote social inclusion and long-term stability.
The FEMpower in Finance project is driven by the following objectives:
- Enhancing financial literacy
- Building confidence
- Promoting old-age security
