Gender barriers have been compounded by the Covid-19 pandemic. There have been widespread bankruptcies of women-led micro, small, and medium-sized enterprises (MSMEs) due to lockdowns, and there has been an overrepresentation of women in sectors negatively affected by the pandemic. In Sub-Saharan Africa, an IFC report demonstrates that 90 percent of women-led MSMEs suffered high economic impact and over 90 percent of those surveyed had not received assistance from financial institutions.
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