Date & time
New World Bank research recently published in a Bank report, Unlocking the Economic Benefits of Gender Equality, makes a clear economic case for faster action on gender equality in Papua New Guinea. It finds that bridging the substantial difference between men’s and women’s participation in better, more productive paid employment could raise GDP per capita by an additional 20% in the space of a generation. The report also estimates that annual productivity losses from absenteeism related to gender-based violence account for at least 0.5% of GDP, though the real cost is much higher. The report highlights the potentially significant economic gains to be made through efforts to address gender inequality, including improvements in overall family incomes, more substantial education and training, and increased economic productivity. It concludes with a number of important policy recommendations.
Giorgia Demarchi, Senior Social Development Specialist and EAP Regional Gender Coordinator, World Bank