24.1 C
Thursday, October 29, 2020
Home Business Pandemic Could Widen Economic Gender Gap, IMF Warns

Pandemic Could Widen Economic Gender Gap, IMF Warns

WASHINGTON, United States (AFP) — The coronavirus pandemic could jeopardise progress made by women over the last three decades in narrowing the economic gap between themselves and their male counterparts, the International Monetary Fund said Tuesday.

The health crisis, which will lead to a 4.9 per cent contraction in global GDP, affects women more than men because they hold more jobs in the hardest-hit sectors, such as the service industry, retail and hotels.

In the United States, about 54 per cent of women work in sectors where they cannot telework. In Brazil, 67 per cent of women are unable to work remotely.

The IMF pointed out that women are also disadvantaged by the fact that they tend to do more unpaid domestic work — on average, about 2.7 hours per week.

“They essentially take on the family responsibilities that come with confinement, such as closing down schools,” the IMF said on its blog.

The IMF said it is crucial that policymakers “take steps to limit the adverse effects of the pandemic on women.”

The Washington-based crisis lender praised the Latin American Coalition to Empower Women, which was created in April at the request of the vice presidents of Colombia, Costa Rica and the UN Economic Commission for Latin America and the Caribbean (ECLAC).

The IMF also hailed steps taken in Austria, Italy, Portugal and Slovenia to give paid leave — even partial — to parents with children under a certain age, and highlighted an initiative in France to give leave to parents affected by school closures.

Most Popular

Chief Medical Officer, Dr. Hazel Laws Addressed Protocols for the Border Reopening

Chief Medical Officer, Dr. Hazel Laws addressed the protocols for the reopening of our borders come October 31.    Listen to her full opening remarks from...

Is Royal Caribbean Cruising Back To St. Kitts?

By Kevon Browne St Kitts and Nevis (WINN): In an article posted on the Cruise Industry News website an estimated start to the deployment of...

Cancer Survivor Praises Jr. Minister of Health Brandy-Williams For Efforts in Fight Against Breast Cancer

NIA CHARLESTOWN NEVIS (October 28, 2020) -- A breast cancer survivor from Nevis who was diagnosed with the disease in 2018 at the age...

Germany To Go Into Circuit-Break Lockdown As Virus Surges

BERLIN (Reuters) - Germany will impose an emergency month-long lockdown that includes the closure of restaurants, gyms and theatres to reverse a spike in...

Grenada Using JRCC As Part of Due Diligence For CBI Applicants

(Grenada Now) Grenada is one of the Eastern Caribbean islands with the Citizenship by Investment (CBI) programmes that are effectively using the Joint Regional...

CFBC Celebrates the Class of 2020 Commencement Modified Due to the COVID-19 Pandemic

The Clarence Fitzroy Bryant College (CFBC) will host its annual commencement on Tuesday, November 24, 2020. The ceremony has been modified in keeping with the...

Social Security Board Awards Susanna Lee High School Scholarships To 21 Students

By Devonne Cornelius St Kitts and Nevis (WINN) — The St. Christopher and Nevis Social Security Board awarded 21 students across the federation with the...

Commonwealth Women Parliamentarians (CWP) Releases its Anti-Harassment Policy Guidelines for Commonwealth Parliaments

The Commonwealth Women Parliamentarians (CWP) network has launched its new Anti-Harassment Policy Guidelines to support Parliaments across the Commonwealth in the effort to both...

Bahamas: No VAT on Amazon and eBay Purchases

(Eyewitness News) NASSAU, BAHAMAS — Acting Financial Secretary Marlon Johnson yesterday clarified that goods brought into the country will only be taxed at the...

Hundreds of Bookings Cancelled Since BVI’s Reopening Protocols

(BVI News) Following the government’s recently-announced border reopening protocols, at least one marine taxi company that transports tourists from the neighbouring US Virgin Islands...


Contact a Program
If you are interested in a program or advertising, send us a message.
Send Message
Signup for our Newsletter
We'll only be in touch when we've something exciting to share.
We never share your details
No thanks