Mastercard has ranked Israel as the best country for women entrepreneurs, for the first time in the four-year history of the rankings by the global payments firm.
In the 2020 Mastercard Index of Women Entrepreneurs (MIWE) Israel rose to first place from fourth in 2019.
The US, Switzerland, New Zealand came in second, third, and fourth this year, followed by Poland, the UK, Canada, Sweden, Australia and Spain in the ranking of 58 global economies.
Israel jumped to first place this year thanks to an increase in its support for small and medium-sized businesses, jumping 41 places in this category, the report said. The country has set out to double the number of its female entrepreneurs within two years, and is rolling out funding and networking initiatives to do so, the report said.