In 2024, Bolivia made significant progress in promoting gender-focused policies, mechanisms, and economic initiatives, contributing to women's economic empowerment and reducing inequalities, particularly in the productive and financial sectors (SDG 5, SDG 8, and SDG 10). Through strategic partnerships with the Ministry of Productive Development and Plural Economy, financial regulators, such as the Financial System Supervisory Authority (ASFI) and the Pension and Insurance Supervisory and Social Control Authority (APS), BancoSol, and economic associations, gender perspective have been increasingly integrated into financial instruments, policies, and public-private initiatives. These efforts have led to tangible improvements in women's access to financial services and economic opportunities, contributing directly to inclusive economic growth and the achievement of SDG 8.
As part of these efforts, Bolivian financial regulators ASFI and APS have reaffirmed their commitment to advancing women's financial inclusion by promoting more equitable access to credit, savings, and financial services. A total of 40 financial institutions and development partners have strengthened their knowledge and tools to foster a more inclusive financial sector.
BancoSol, a member of the Alliance for Financial Inclusion, has established itself as a leader in gender-focused financial services by launching Bolivia's first Gender Social Bond. As part of the Women’s Empowerment Principles (WEPs) 2.0 Accelerator Program, this microfinance institution received specialized technical support from UN Women, enhancing its capacity for gender-responsive monitoring, reporting, and evaluation. This progress was globally recognized at the United Nations Environment Programme Finance Initiative (UNEP FI) meeting.
At the public policy level, the national and subnational governments, with technical assistance from UN Women, are developing comprehensive policies to ensure gender equity in unpaid domestic and care work (SDG 5 and SDG 10). These include:
- A National Care Policy to recognize and redistribute care responsibilities.
- A Social Reproduction Policy addressing unpaid and care work.
- Municipal care policies in Santa Cruz and El Alto, integrating localized strategies for care services.
Moreover, economic opportunities for women have expanded through targeted support programs implemented by UN Women with funding from the Korea International Cooperation Agency (KOICA). A total of 130 micro and small women-led enterprises now benefits from increased productivity and income thanks to the provision of machinery and equipment, while six institutions have received 111 essential equipment pieces to strengthen their operations. Through specialized training programs, 4,104 people (3,851 women) have enhanced their skills in business management and technical abilities, facilitating their access to sustainable economic opportunities (SDG 1, SDG 5, SDG 8, SDG 10).
Additionally, leveraging a joint approach of the Ending Violence Against Women (EVAW) and Women’s Economic Empowerment programs, 150 women recyclers now work in safe conditions with access to protective equipment, while 264 women have strengthened their skills in gender-based violence prevention, waste management, and occupational health and safety. This initiative, funded by the Spanish Agency for International Development Cooperation (AECID), has contributed to greater economic autonomy for women in the recycling sector, improved their access to justice, and promoted safer, more sustainable working environments. (SDG 1, SDG 5, SDG 8, SDG 10 and SDG 11).
Furthermore, two autonomous Indigenous communities have advanced gender-responsive public procurement policies, with technical assistance of UN Women provided through the State Autonomies Service. As a result, the Guaraní Indigenous Autonomy of Kereimba Iyambae approved Regulation 64/2024, expanding opportunities for 45 community organizations, with significant participation from women, to access diverse income-generating alternatives. This milestone strengthens the livelihoods and economic resilience of Indigenous women, their families, and communities while aligning with the principles of parity and equity in economic participation (SDG 1, SDG 5, SDG 8, SDG 10, and SDG 16).