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Investing in women is vital to ending poverty, boosting needed growth

Published on July 15, 2015

Closing persistent gender gaps is vital to boosting sustainable growth and ending poverty by 2030, World Bank Group President Jim Yong Kim said Tuesday, calling for scaled-up efforts to expand women’s access to good jobs, assets, and infrastructure.

“Economic growth is the most powerful tool we have for realizing a world free of poverty.  The world economy needs to grow faster and more sustainably,” he told a panel here alongside the Third International Conference on Financing for Development. “It needs inclusive growth that promotes opportunity for all, and that requires the full participation men and women.”

Aid targeting gender equality has risen in recent years, contributing to significant gains in health and education in many countries. But aid aimed at leveling the playing field for women remains low in what the OECD calls the “economic and productive sectors” of transport and storage, communications, energy, banking and business, industry, mining, construction, and trade. Read more. Source | WorldBank