IMF warns of slow progress in achieving gender equality

Washington, Sept. 25 (ANI): Women still hold fewer salaried jobs than men and receive lower wages than their male counterparts for the same work, the International Monetary Fund has said.

The IMF in a study concluded that progress in achieving gender equality around the globe has stalled in recent years.

According to Fin24, under its first female chief, Christine Lagarde, the IMF has renewed its call to strengthen the role of women in the economy.

The organization said that gender equality could raise growth prospects and improve development.

The IMF said that just having as many women in the labor force as men could boost economic growth by 5 percent in the United States, 9 percent in Japan, and 34 percent in Egypt.

In its study, the organization said women have made gains in certain countries, but still face discrimination and tax and labor policies that discourage them from working.

The global recession has also complicated the problem. In advanced economies, fewer women than men lost their jobs in the first years of the crisis, from 2007 to 2009.

From 2011 to 2012, women continued to lose jobs while the unemployment rate for men stabilized or fell.

According to the report, the IMF urged countries to implement paid parental leave, including for fathers, improve access to affordable child care and, in developing countries, improve women's access to education and infrastructure. (ANI)

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