Archive UN reports first-ever High-Level Panel on Women's Economic Empowerment

UN reports first-ever High-Level Panel on Women’s Economic Empowerment

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UN Secretary-General Ban Ki-moon has unveiled the principal ever High-Level Panel on Women’s Economic Empowerment to give recommendations and prepare solid activities for shuttinggender gaps orientation crevices that prevails the world over.

The Panel will give proposals to the usage of the 2030 Agenda for Sustainable Development to enhance financial results for women and advance women’s initiative in driving practical and comprehensive, ecologically delicate economic development. It will give suggestions to key moves that can be made by governments, the private division, the UN framework and different partners, and additionally accomplish the new targets and markers in the Sustainable Development Goals which require the economic strengthening of women. The board is upheld by the United Kingdom, the World Bank Group and UN Women.

“The empowerment of the world’s women is a global imperative,” said UN Secretary-General Ban Ki-moon. “Yet despite important progress in promoting gender equality, there remains an urgent need to address structural barriers to women’s economic empowerment and full inclusion in economic activity. If the world is to achieve the Sustainable Development Goals, we need a quantum leap in women’s economic empowerment.”

The Co-Chairs of the Panel are Luis Guillermo Solis, President of Costa Rica, and Simona Scarpaleggia, CEO of IKEA Switzerland. They will be joined by the pioneers of the International Monetary Fund, World Bank Group, UN Women and a diverse range of eminent gender and equality actors, financial aspects specialists, scholars, exchange union pioneers, business and government delegates from all areas. The Panel will be upheld by an autonomous Secretariat, facilitated by UN Women with support from the UK Government.

UK International Development Secretary Justine Greening, an establishing individual from the Panel, respected its dispatch. She said: “I am hugely proud to be a part of this Panel. Investing in girls and women isn’t just about basic human rights, it’s about fully unlocking the potential of half the world’s population. The UK is already at the forefront of this effort. At the Department for International Development I have put improving the lives of girls and women at the very heart of our work and Britain is successfully leading the fight against FGM and child marriage, as well as getting girls into school and women into jobs. Strong economies need the contribution of everyone—including women—and this panel will spearhead a movement to put women’s economic empowerment on the global agenda like never before.”

Jim Yong Kim, World Bank Group President, additionally an establishing individual from the Panel, expressed: “The World Bank Group is strongly committed to gender equality, which is integral to ending poverty and boosting shared prosperity. Our new Gender Equality Strategy puts a much sharper focus on economic empowerment.” He added: “No society, community or economy can achieve its full potential—or meet the escalating challenges of the 21st century—until all its people can achieve theirs. We are pleased to partner with the UK’s Department for International Development and the United Nations in convening this important panel, whose work will accelerate progress towards the goals we share.”

The High-Level Panel will handle sexual orientation gaps in financial opportunities and outcomes which prevail far and wide, expanding on the developing confirmation and acknowledgment by governments and the private area that women’s economic strengthening has a multiplier impact and supports entire economies. Research demonstrates that ladies put their pay once again into their families and groups, incorporating into wellbeing and training. McKinsey Global Institute evaluates that if women in each nation were to assume an indistinguishable part to men in business sectors, as much as US$28 trillion would be added to the worldwide economy by 2025.

Yet women keep on winning less, have less resources, bear the weight of unpaid work and to a great extent packed in helpless and low-paying exercises. Women spend more than twice as much time on unpaid local work as men and ladies by and large are paid 24 for each penny not as much as men all inclusive for the same work. Besides, 75 percent of women jobs in manufacturing is casual and unprotected. These gaps compel ladies’ rights and ruin economic development and efficiency.

The High-Level Panel will have its inaugural meeting amid the 60th session of the Commission on the Status of Women at the United Nations in March 2016. A progression of territorial consultative gatherings will likewise occur, and the Panel’s first report with activity situated suggestions will be issued in September 2016.

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