banking

Gender Balance Index: BCT second out of 159 central banks

May 5, 2022

(TAP)- The Central Bank of Tunisia (French: BCT) ranked second out of a total of 159 counterparts across the globe in women's respresentation in decision-making positions, the Official Monetary and Financial Institutions Forum (French:OMFIF) said in its ninth annual Gender Balance Index (GBI).

With a score of 94 out of 100, the bank is the first in the Arab world and Africa. The report reveals gradual but not fundamental progress in the representation of women in the upper echelons of global finance.

The GBI, now in its ninth year, tracks the number of senior positions held by women at central banks, public pension funds, sovereign funds and commercial banks. It assigns scores to individual institutions based on the number of women and men in senior management or board positions, with greater value given to the top roles such as governor or chief executive. A score of 100 means an organisation has achieved gender balance.

The GBI aims to encourage the institutions it analyses to do better in promoting women.

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