Breaking: G20 Builds Commitment to Financial Inclusion for Women
Women around the world take note: this week’s G-20 Summit articulated the strongest commitment yet to women’s full economic and social participation.
The G-20 met this week in Los Cabos, Mexico, to revisit and prioritize their goals for the global economic agenda. Earlier this year, when the G-20 Finance Ministers and Central Bank Governors met in Washington D.C., their final communiqué mentioned gender as a focus for financial inclusion – for the first time ever.
Now after this week’s meeting of heads of state, the G-20 clarified this objective:
“23. We commit to take concrete actions to overcome the barriers hindering women’s full economic and social participation and to expand economic opportunities for women in G20 economies. We also express our firm commitment to advance gender equality in all areas, including skills training, wages and salaries, treatment in the workplace, and responsibilities in care-giving.”
Furthermore:
“53. We recognize the need for women and youth to gain access to financial services and financial education, ask the GPFI, the OECD/INFE, and the World Bank to identify barriers they may face and call for a progress report to be delivered by the next Summit.”
Beyond this, you can read the full communiqué from this week’s G-20 Summit.
This is a huge victory for La Pietra Coalition and its members, along with all of The Third Billion’s petition signatories and supporters. A cause for celebration, while much work remains.
Want to join the movement? Sign our petition to the G-20 to express your support.
Above: Photo by Reuters