At the World Economic Forum in Davos, U.N. secretary general Ban Ki-moon announced the creation of a high-level panel that will focus on women’s economic empowerment. It is the first such top-tier undertaking from the U.N.
The initiative comes after UK development secretary Justine Greening’s arguments that increased opportunities for girls and women lead to growth and prosperity. “If the world is to achieve the Sustainable Development Goals, we need a quantum leap in women’s economic empowerment,” said Ban.
The U.N. noted that globally, women earn 24 percent less than men for the same work, and cited a McKinsey Global Institute report that shows an additional $28tn could be added to the world economy if women and men played equal roles in the market.
The panel is set to share its recommendations this September, which will likely include rights for women to set up businesses and open bank accounts in countries where they are currently not allowed to.
Read the full story at The Guardian.