Today, the Mongolian Stock Exchange (MSE) organized the ‘Ring the Bell for Gender Equality’ ceremony for the fifth year. The ceremony is organised globally by the stock exchanges to raise awareness on the importance of gender equality in businesses and sustainable development, on the occasion of International Women’s Day. In the event, Ms. Elaine M. Conkievich, Resident Representative of UNDP Mongolia, Mr. Hannes Takacs, Head of Mongolia at EBRD and Ms. Bolormaa, Chairperson of Women Entrepreneurs Council at Mongolian National Chamber of Commerce and Industry participated and rang the bell for gender equality to open the 6,424th trading day of MSE.

During her opening remarks, Ms.Elaine Conkievich, Resident Representative of UNDP Mongolia stated that, ‘To guide Mongolia’s sustainable development with a focus on women, it is imperative to use a gender lens when making financing decisions, looking at how any decision taken might empower or hinder women’s advancement. Therefore, UNDP is supporting the Government of Mongolia in the creation of a gender-responsive national financing strategy aimed at tackling the financing gaps for development while considering particularly the needs of women and girls in its development and its implementation.’

Ms. Bolormaa, Chairperson of Women Entrepreneurs Council at Mongolian National Chamber of Commerce and Industry said, ‘Women are the driving force for the economy, yet still lagging entrepreneurial access. There is lack of definition of ‘women-owned business’ and statistics in Mongolia, which is needed for the Government to provide proper support.’

It has been shown by international research and practices, gender equality ensures not only human rights and freedom, but also enables businesses and organizations reach their full potential and maximize their performance. Therefore, MSE invites and encourages all securities market participants, listed companies and member firms to collaborate together in advancing gender equality. 

MONGOLIAN STOCK EXCHANGE