The UN Secretary-General’s High-Level Panel (HLP) on Women’s Economic Empowerment has said that women’s economic empowerment is precondition for achieving gender equality all over the world.
The event titled, “Accelerating Women’s Economic Empowerment to achieve the 2030 Agenda” was co-hosted by the Group of Champions of Women’s Economic Empowerment, led by the Government of Costa Rica and the United Kingdom, together with UN Women and the International Chamber of Commerce (ICC) in New York.
While speaking at the event, Olga Sanchez, Minister of National Planning and Economic policy of Costa Rica, said: “We need to pay special attention to the economic empowerment of women in vulnerable sectors. Women’s economic empowerment is a clear pre-condition to achieving gender equality, and that is why urgent action is needed in this area.”
Investing in women’s economic empowerment sets a direct path towards gender equality, poverty eradication and inclusive economic growth. Yet, women around the world remain disproportionately affected by poverty, discrimination and exploitation. Only 50 per cent of women of working age are in the labour force, compared to 77 per cent of men. Women are more likely than men to work in the informal economy. Women also bear the disproportionate burden of unpaid care work, doing on average three times as much unpaid care and domestic work as men.
The UN Secretary-General’s High-Level Panel on Women’s Economic Empowerment was established in January 2016, was tasked with developing actions and recommendations to address these structural challenges.