Besides public sector jobs, the micro, small, and medium enterprise (MSME) sector is deemed crucial in ensuring women’s economic participation in Armenia. Notwithstanding this, women MSMEs comprised only 32% of the registered MSMEs in 2012. This low ratio was attributable to women’s lack of business skills, knowledge, confidence, and access to networks and credit.
Owing to economic and institutional reforms and sound macroeconomic policies, Georgia’s economy grew at an annual average of nearly 6% between 2004 and 2013. Reforms that strengthened public finances, improved business climate, fought corruption, liberalized trade, and upgraded infrastructure led to an impressive annual average growth of more than 9% between 2004 and 2008.
The macroeconomic environment in Nepal became upbeat, as peace set in after a decade−long conflict. Gross domestic product grew by 4.7% in 2008. Poverty incidence fell from 42% in 1996 to 31% in 2004. Nevertheless, until subprogram 2 preparation in 2009, severe poverty had persisted in various parts of the country and economic growth had been uneven.