IMF: Reducing gender disparities goes hand-in-hand with higher economic growth
The International Monetary Fund (IMF) has said that mainstreaming gender at the Fund starts with the recognition that reducing gender disparities goes hand-in-hand with higher economic growth, greater economic stability and resilience, and lower income inequality.
At the same time, it said, economic and financial policies can exacerbate or narrow gender disparities.
Well-designed macroeconomic, structural, and financial policies can support efficient and inclusive outcomes and equitably benefit women, girls, and the society in general, the IMF stated.
The Bretton Woods Institution said in its ‘Gender and Economic Strategy’ that the approach lays out how the IMF can help its member countries address gender disparities in the context of carrying out its core functions—surveillance, lending, and capacity development.
“The strategy comprises four key pillars: first, gender-disaggregated data collection and development of modeling tools to enable staff to conduct policy analysis; second, a robust governance framework for an evenhanded approach across members based on the macro-criticality of gender; third,
“Strengthening collaboration with external partners to benefit from knowledge sharing and peer learning, leverage complementarities, and maximize the impact on the ground; and fourth, the efficient use of resources allocated to gender by putting in place a central unit for realizing scale economies and supporting country teams.”