Unlocking growth: The untapped power of women in political leadership
Source: World Bank
Progress towards legal gender equality has stalled in many parts of the world. The data published earlier this year by Women, Business, and the Law report reveals that women, on average, have less than two-thirds of the legal protections that men have, down from a previous estimate of just over three-quarters. This stark reality is a sobering reminder of the challenges that still lie ahead.
For example, the absence of legislation prohibiting sexual harassment in public spaces, such as mass transit, hampers women's ability to access employment opportunities and fully participate in the workforce. The lack of services and financing for parents with young children places a disproportionate burden on women. Furthermore, the effectiveness of gender-sensitive legislation is often undermined by inadequate enforcement mechanisms. In many regions, women's limited political clout fuels a self-perpetuating cycle of restricted legal rights and reduced economic empowerment.
Recognizing the importance of women's representation in political leadership, the World Bank, represented by the Women Business and the Law (WBL) report, Women Political Leaders (WPL), and the Oliver Wyman Forum (OWF), have joined forces to address the challenges faced by women in political leadership positions. Our collaborative efforts under the Representation Matters program aim to foster women’s participation in decision-making positions, and to promote legal equality and economic opportunities not only for women, but for everyone.
The initiative comes at a critical time. Achieving equal opportunity is not only a fundamental human right for half of the world's population; it is also an opportunity to drive faster economic growth, fostering prosperity for all.
Read here the full article published by The World Bank on 14 May on 2024.
Image by The World Bank
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Progress towards legal gender equality has stalled in many parts of the world. The data published earlier this year by Women, Business, and the Law report reveals that women, on average, have less than two-thirds of the legal protections that men have, down from a previous estimate of just over three-quarters. This stark reality is a sobering reminder of the challenges that still lie ahead.
For example, the absence of legislation prohibiting sexual harassment in public spaces, such as mass transit, hampers women's ability to access employment opportunities and fully participate in the workforce. The lack of services and financing for parents with young children places a disproportionate burden on women. Furthermore, the effectiveness of gender-sensitive legislation is often undermined by inadequate enforcement mechanisms. In many regions, women's limited political clout fuels a self-perpetuating cycle of restricted legal rights and reduced economic empowerment.
Recognizing the importance of women's representation in political leadership, the World Bank, represented by the Women Business and the Law (WBL) report, Women Political Leaders (WPL), and the Oliver Wyman Forum (OWF), have joined forces to address the challenges faced by women in political leadership positions. Our collaborative efforts under the Representation Matters program aim to foster women’s participation in decision-making positions, and to promote legal equality and economic opportunities not only for women, but for everyone.
The initiative comes at a critical time. Achieving equal opportunity is not only a fundamental human right for half of the world's population; it is also an opportunity to drive faster economic growth, fostering prosperity for all.
Read here the full article published by The World Bank on 14 May on 2024.
Image by The World Bank
.