Investing in gender equality vital to economic growth, sustainable development: Secretary-General
July 15, Addis Ababa: Increased investments in gender equality are vital if the World is to achieve sustained economic growth and development, United Nations Secretary-General said on Tuesday during the Third International Conference on Financing for Development, in Addis Ababa, Ethiopia.
He said, “It is clear that we have not invested sufficiently in gender equality.” He further said, “We know that persisting gaps in gender equality and women’s empowerment in the World have been a barrier to the full achievement of each of the Millennium Development Goals (MDGs).”
Less than 10 per cent of official development assistance (ODA) targets women, and many gender equality policies and programmes remain unfunded by domestic resources. “This has to change now if we are to achieve sustained, inclusive and equitable economic growth and development,” he informed.
In addition, accounts from Cambodia, Costa Rica and Sri Lanka show how reducing spending on security and the military can effectively redirect financing into social programmes.
Enforcing existing tax obligations can also yield significant revenue from the private sector for this purpose, the Secretary-General added that while the business community has a key role to play in creating decent employment, equal pay and supporting women’s leadership.
“It will take the concerted efforts of all of us to implement the right financing policies and allocations to ensure that women and men, girls and boys will benefit equally from the new global sustainable development framework. This is their right and it must be our legacy.
The Oslo Times