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UN Report: an additional $360bn investment per year is needed to achieve gender equality and women’s empowerment by 2030
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UN Report: an additional $360bn investment per year is needed to achieve gender equality and women’s empowerment by 2030

According to this new report, the world is failing women and girls.

Welcome to our #208 weekly newsletter.

“For women taking control of their financial future”

-Jana Hlistova


From The Purse


In this week’s newsletter, we highlight the new UN Report “The Gender Snapshot 2023” which warns that if current trends continue, over 340m women and girls – an estimated 8% of the world’s female population – will live in extreme poverty by 2030, and close to one in four will experience moderate or severe food insecurity.

An additional $360m of investment per year is required to achieve gender equality and women’s empowerment by 2030.

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And don’t forget you can review the news in brief so you stay on top of global financial, economic and investing trends.

I hope you enjoy this week’s newsletter.

Until next week,

Jana


UN Report: an additional $360bn investment per year is needed to achieve gender equality and women’s empowerment by 2030

According to this new report, the world is failing women and girls.


This year’s edition of the UN Women and UN DESA “Progress on the Sustainable Development Goals: The Gender Snapshot 2023” launched recently, paints a worrisome picture halfway through the 2030 Agenda for Sustainable Development (see the press release here).

The Gender Snapshot 2023 warns that, if current trends continue, over 340m women and girls – an estimated 8% of the world’s female population – will live in extreme poverty by 2030, and close to one in four will experience moderate or severe food insecurity.

With a special focus this year on older women, the report finds that older women face higher rates of poverty and violence than older men:

  • in 28 of the 116 countries with data, less than 50% of older women have a pension;

  • in 12 countries less than 10% had access to a pension.

The Gender Snapshot 2023 underscores the urgent need for concrete efforts to accelerate progress towards gender equality by 2030, revealing that an additional $360bn per year is needed to achieve gender equality and women’s empowerment across key global goals.

The report also calls for:

  • an integrated and holistic approach

  • greater collaboration among stakeholders

  • sustained funding

  • policy actions to address gender disparities and empower women and girls worldwide.

Crucially the report concludes that failure to prioritise gender equality now could jeopardise the entire 2030 Agenda for Sustainable Development.

Further facts and figures highlighted in the report include:

  • Under a worst-case climate scenario, food insecurity is projected to affect as many as 236m more women and girls, compared to 131m more men and boys, due to climate change.

  • No country is within reach of eradicating intimate partner violence and only 27 countries have comprehensive systems to track and make budgetary allocations for gender equality and women’s empowerment.

  • The labour and earnings gap remains persistently high. For each dollar men earn in labour income globally, women earn only 51 cents. Only 61.4% of prime working age women are in the labour force, compared to 90 % of prime working age men.

According to Maria-Francesca Spatolisano, Assistant Secretary-General for Policy Coordination and Inter-Agency Affairs of UN DESA:

“Gender equality is not just a goal within the 2030 Agenda. It is the very foundation of a fair society, and a goal upon which all other goals must stand. By breaking down the barriers that have hindered the full participation of women and girls in every aspect of society, we unleash the untapped potential that can drive progress and prosperity for all.”

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