The FINANCIAL -- In support of its commitment to communities in the Middle East and North Africa (MENA), J.P. Morgan, through the JPMorgan Chase Foundation, is striving to make a positive contribution to the development of the local economies by enhancing employment opportunities for women and youth in the region, according to JPMorgan Chase & Co.
To carry out that mission, the firm is backing the Cherie Blair Foundation for Women’s Enterprise Development program, which promotes entrepreneurship opportunities for women in Lebanon, and the Emirates Foundation’s workforce readiness projects in the United Arab Emirates.
For women, the gender gap in educational opportunities is narrowing, but the economic disparity remains wide. In an effort to address this imbalance, J.P. Morgan has committed support for the Women’s Enterprise Development program in Lebanon, a partnership with the Cherie Blair Foundation for Women, Al Majmoua, and Tomorrow’s Youth Organization. The program aims to enhance business capabilities of women entrepreneurs by providing them with tailored and comprehensive enterprise development services combining business training, access to capital, markets and networks, according to JPMorgan Chase & Co.
J.P. Morgan has also partnered with the Emirates Foundation to support three of its programs focusing on workforce readiness, women’s economic empowerment and financial literacy. The KAFA’AT program aims to correct the mismatch of skills required by the private sector and those held by the youth. The KAYANI program aims to empower disadvantaged Emirati women by creating job opportunities as teachers in the public or private schools sector. The ESREF SAH program aims to increase financial literacy among young people and help stem their indebtedness, according to JPMorgan Chase & Co.