Gender gap costing the world economically, said report
Launched in connection to the International Women's Day (March 8), the Global Health- GH 50/50 Report for 2019 found out that women face huge gender gaps in the social, political and economic frontiers.
Launching the report at the United Nations Economic Commission for Africa (UNECA), Vera Songwe, Executive Secretary of UNECA, said that the economic cost of the gender gap globally is somewhere around USD 160 trillion. In addition to that, the report underscored that 70 percent of executive jobs are held by men and that women are least represented in company boards. Moreover, the report also indicated that some 55 percent of the women around the world do receive lower pay for jobs they do equally with men.
Politically, only 23 percent of women are at a leadership role or have seats in parliaments.
Despite the grim outlook, the report highlights a few positive indications that there are some 200 companies globally included in the report which are willing to go public about their gender policies and the laws they adhere to protect the rights of women in the work place.
President Sable-Work Zewde, on her part, said that despite a lot of African countries being signatories of the global women rights convention, quite a few have ratified those laws and agreements such as the Maputo Protocol where decisions were made to combat all forms of gender based discrimination and violation. The protocol still remains in shadows.
Right after launching the report, President Shale-Work posed for a photo with school girls who commemorated March 8.