Bank of America and Vital Voices Promote Economic Empowerment for Women Leaders Across the Middle East and North Africa

Global Ambassadors Program Will Focus on the Role of Mentoring


WEBWIRE – Monday, November 11, 2013

Bank of America and Vital Voices today launched a weeklong joint mentoring forum in Doha, Qatar. The Global Ambassadors Program (GAP), which runs from November 11 through 15, brings together influential women leaders from the global public and private sectors with those from the Middle East and North Africa (MENA) who are engaged in small businesses and social enterprises. Top women executives from around the world will be paired with emerging MENA women leaders for one-on-one mentoring sessions, a mentoring walk and participation in the Qatar International Businesswomen’s Forum (QIBWF), an annual gathering to identify and create opportunities for Arab businesswomen.

Over recent years, the MENA region has made progress in reducing the gender gap, according to a study by the World Bank. This fact is particularly evident in the area of education, and today, almost all young girls attend primary and secondary school and more women than men are enrolled in universities. Despite this advancement, women are entering the MENA labor market at half the global rate, an issue which impacts their economic potential as well as the broader regional economy. Only 18.4 percent of the female adult population is economically active, the lowest rate in the world.

Working toward a common goal of advancing women’s role in MENA’s economic development, GAP mentors and mentees will partner with QIBWF participants during the week. Discussion will focus on ways to develop and harness the leadership potential of Arab businesswomen; values of identity and leadership style; opportunities to remove barriers that prevent women from becoming leaders in business and social activities; ideas for entrepreneurship and innovation among women; and profiles of women visionaries.

“We believe mentorship is critical to bridging the gap between women who complete university and those who join the job market – laying the foundation for women to be active participants in the dynamic growth story of the MENA region,” said Candace Browning, head of global research at Bank of America Merrill Lynch and a Global Ambassador.

GAP brings together eight Global Ambassadors (mentors) with mentees from the MENA region.

The mentors are:

The mentees are:

“We’re proud to partner with Bank of America on this innovative global program to further our collective goals of strengthening women’s economic empowerment and fostering the next generation of women leaders in the Middle East and North Africa,” said Alyse Nelson, president and CEO of Vital Voices. “By investing in their potential and enhancing their participation in the economy through intensive one-on-one mentoring, training and expanded networks, this initiative will provide them with increased access to opportunity and business growth.“

The Global Ambassadors Program is part of Bank of America’s and Vital Voices’ ongoing commitment to investing in women’s leadership development, a goal guided by the belief that strong leaders are vital to healthy, vibrant communities and help advance economic growth. Over time, mentors help their mentees build critical communications, advocacy and business skills and develop strategies to advance their work. This is the last Global Ambassadors Program to take place in 2013, with previous mentoring forums held this year in Singapore and Brazil. Future locations will be announced in early 2014.

For more information on the Global Ambassadors Program, visit www.bankofamerica.com/globalambassadors.

Bank of America
Bank of America is one of the world’s largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We serve approximately 51 million consumer and small business relationships with approximately 5,200 retail banking offices and approximately 16,200 ATMs and award-winning online banking with 30 million active users and more than 14 million mobile users. Bank of America is among the world’s leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.

Visit the Bank of America newsroom for more Bank of America news.

Vital Voices
Vital Voices Global Partnership is a leading non-governmental organization that identifies, invests in and brings visibility to extraordinary women around the world by unleashing their leadership potential to transform lives and accelerate peace and prosperity in their communities. Founded by former U.S. Secretary of State Hillary Clinton in 1997, the organization trains and mentors women leaders as agents of transformative change in economic development, human rights and political participation. The Vital Voices Global Leadership Network includes more than 14,000 leaders representing 144 countries who have trained and mentored 500,000 additional women and girls in their communities. Visit www.vitalvoices.org to learn more.

www.bankofamerica.com



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