It is fantastic that CARE’s Village Savings and Loan Associations have been recognised in the report as a ‘multi-dimensional approach to financial inclusion for poor women’ (p.73). These savings groups comprised mostly of women have been run by CARE since 1991, and now many organisations are supporting 11.5 million people worldwide to save, grow businesses, guard against economic shocks, and connect to the formal financial system. See my blog here for more on the life-changing impacts of savings groups.
What’s in the report
The report lists a lack of financial, digital and property rights among four overarching systemic constraints to the economic empowerment of women. The other constraints include: adverse social norms; discriminatory law and lack of legal protection; and the failure to recognise, reduce and redistribute unpaid household work and care.
In response the UN High Level Panel members have identified ‘seven primary drivers’ to make rapid change, accompanied by a call to action for all sectors (especially governments) to act now, by:
- Tackling adverse norms and promoting positive role models
- Ensuring legal protection and reforming discriminatory laws and regulations
- Recognising, reducing and redistributing unpaid work and care
- Building assets – digital, financial and property
- Changing business culture and practice
- Improving public sector practices in employment and procurement
- Strengthening visibility, collective voice and representation
Time for action
CARE welcomes the report because urgent global action is needed to address the long list of economic and gender barriers stopping women from realising their full potential (see CARE’s women’s economic empowerment strategy for detail). No more can widespread and persistent gender gaps in women’s economic opportunities and rights be tolerated.
This is why, at the launch of the HLP report at the UN headquarters, we voiced our commitment to ensure 30 million women have greater access to and control over economic resources by 2020. We’ll do this through our ongoing work strengthening women’s role as producers, workers, entrepreneurs and consumers.
To make real change in the lives of women, we need recommendations grounded with gender transformative approaches. The report has been criticised as too one-dimensional – including policy recommendations – and yes, it’s better to have them like this than not at all; but if social norms lag behind, nothing will change for women’s equality.
Why the need for a report?
At the moment the global community is way off realising the concrete Sustainable Development Goal targets for gender equality by the year 2030 – of which women’s economic empowerment is considered central for achieving inclusive growth.
Secretary General Ban Ki Moon called for this report back in January 2016 in order to rapidly accelerate progress and mobilise the global community to expand women’s economic opportunities, to ‘move from the pages of UN documents into the lives of women’ and achieve the SDGS. As the report puts it, women’s economic empowerment is:
the right thing to do and the smart thing to do: gender equality is a matter of basic human rights, and women’s economic empowerment can generate huge gains for human development, economic growth and business
Huge gains for human development, economic growth and business: that’s what we call a win-win-win. Now it’s time to make it happen.