EIB framework - Establishing relevant thresholds within the European Union under the 2X Challenge
The ‘2X Challenge’ calls for the G7 and other DFIs to join together to collectively mobilize $3 billion in commitments that provide women in developing country markets with improved access to leadership opportunities, quality employment, finance, enterprise support and products and services that enhance economic participation and access. https://www.2xchallenge.org/
In light of the 2X Challenge and the EIB's commitment to a common effort to advance women's economic empowerment and gender equality through its investments, the overarching objectives of the assignment were to:
- Establish suitable and meaningful 2X criteria thresholds for countries of the EU, based on the assumption that this should be more stringent than those designed for countries outside of the EU. Although a single EU threshold had to be established, the criteria needed to consider national, regional or sub-regional specificity in relation to sector thresholds and the consumption criteria.
- Provide a final report - in digital format - listing the final thresholds, sectors, sub regional variations and rationale, including guidance material, for the application of the 2X criteria in and a ppt version of all final outputs
- Present the final outcome at a learning event in Luxembourg, online
The scope of this effort was of relevance to:
- Women in the EU market, who will benefit from improved access to leadership opportunities, quality employment, finance, enterprise support and products and services that enhance economic participation and access
- EIB operational staff, in particular loan officers as they evaluate investments within the EU against the 2X Criteria
- Promoters and financial intermediaries of EIB projects.