Armenia Securities Exchange Rings the Bell for Gender Equality for the First Time in Armenia

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On March 12 Armenia Securities Exchange-AMX and Central Depository of Armenia rang the opening bell for UN Sustainable Development Goal 5 – Gender Equality, alongside 80 stock exchanges worldwide.

In partnership with the Federation of European and Asian Stock Exchanges (FEAS), Armenia Securities Exchange and Central Depository of Armenia joined the Ring the Bell for Gender Equality initiative to promote gender equality and help businesses, especially banks and investment companies understand their pivotal role in achieving UN Sustainable Development Goal 5.

“The stock exchange is the champion and the role model for private sector companies to promote gender equality and women empowerment principles. Gender equality is good not only for sustainable development but also for economic growth,” said Mehjabeen AlarakhiaProgramme Specialist, UN Women.

The initiative, now in its fifth consecutive year, is a partnership between the World Bank’s International Finance Corporation, Sustainable Stock Exchanges (SSE) Initiative, UN Global Compact, UN Women, the World Federation of Exchanges and Women in ETFs, to raise awareness about the business case for women’s economic empowerment and the opportunities for the private sector to advance gender equality and sustainable development.

Dmitry MariyasinResident Representative, UNDP expressed hope to see more male CEOs joining the initiative next year. He ended his speech saying, “Let’s make every day a day for gender equality”.

Hayk Yeganyan, CEO, Armenia Securities Exchange, welcomed the guests and said: “Women make up to 52% of our employees. Women make 54% of traders working with the stock exchange. Nowadays they hold over 38% of tech jobs in Armenia and no wonder that the IT and financial sectors are recognized as most stable and relatively more developed ones within the Armenian economy. This shows how important women’s participation is.”

Luiza Igraryan, CEO, Global Credit UCO, said: “Having managed Global Credit UCO for over 10 years, I may state that the gender inequality stereotype in Armenia was broken a long time ago, and people are more open-minded and nowadays women leaders have comparatively more opportunities.”

Armenuhi Hovakimyan, FEAS Deputy Secretary General said: “It is the first time the Federation of Euro-Asian Stock Exchanges joins the initiative and the first time we will ring the bell for Gender Equality in Armenia. Raising awareness for the importance of gender equality which is the fifth of Global Goals, we are doing step forward to encourage girls and women to be educated, confident and brave. The theme of the 5th Ring the Bell for Gender Equality is “Think equal, build smart, innovate for change”. I can’t agree more. Early childhood development and learning should start and be based on the strong statements of equality in all forms and spheres.”