High-Level Panel to address women’s economic empowerment

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Secretary-General Ban Ki-moon announces the creation of the United Nations first ever high-level panel on Women's Economic Empowerment at Davos. Pictured with Justine Greening, Development Secretary, United Kingdom and Jim Yong Kim, President of the World Bank. UN Photo/Rick Bajornas

Despite progress in promoting gender equality, gaps persist when it comes to women's economic empowerment, according to the United Nations.

The global organization has established a high-level panel to help address disparities while promoting sustainable and inclusive economic growth.

Research shows that nearly US$30 trillion would be added to the global economy by 2025 if women were to play an equal role to men in markets.

Dianne Penn reports.

The High-Level Panel on Women's Economic Empowerment seeks to mobilize concrete actions to close gender gaps worldwide.

It will provide recommendations for implementing the new Sustainable Development Goals (SDGs) to improve economic outcomes for women.

This will include promoting women's leadership in bringing about economic growth that is inclusive and environmentally sustainable.

The panel is the first of its kind and was announced by the UN Secretary-General on Thursday at the World Economic Forum in Davos, Switzerland.

Mr Ban said "If the world is to achieve the Sustainable Development Goals, we need a quantum leap in women's economic empowerment."

The High-Level Panel on Women's Economic Empowerment will bring together leaders from the International Monetary Fund (IMF), the World Bank Group, UN Women, trade unions, and a diverse range of experts on gender, economics and business.

Dianne Penn, United Nations.

Duration: 57″

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