Economic Commission of Africa (ECA) chief says world loses trillions to gender inequality

Economic Commission of Africa (ECA) chief says world loses trillions to gender inequality

Photo source: Africa News

“When you have women in positions of leadership, business does better and there’s more innovation, more value creation and more profit,” said Vera Songwe, Executive Secretary of the Economic Commission of Africa (ECA).

Speaking at the launch of the Global Health 50/50 2019 Report – titled Equality Works – in Addis Ababa on the eve of the International Women’s Day, she said the world’s economy loses USD 160 trillion in wealth due to gender inequality.

She said political empowerment is one of the areas in which the least progress in closing gender gaps has been made, adding “And we know that policy and politics are where decisions that affect women are made.”

Ms. Songwe pointed out that gender gap in health and survival has reduced by 96%. Meanwhile, in the areas of economic participation and education, progress in bridging gender gaps stands at 58% and 95% respectively.