Closing the Gender Gap

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At current rates of progress it may take another 217 years to close the economic gender gap globally. Although many countries are ideally poised to maximize women’s economic potential, they are currently failing to reap the returns from their investment in female education. In addition, too few countries are preparing to meet the challenges and harness the gender parity opportunities posed by the changing nature of work. The Forum takes a future-facing perspective on gender parity, addressing the various factors that contribute to economic gender gaps and leading a multi-stakeholder coalition to accelerate progress at global and national levels.
The Closing the Gender Gap Project aims to create global and national collaboration platforms to address current gender gaps and reshape gender parity for the future by working at three levels:  

  1. Country implementation:  The Forum oversees national “task forces” which have been successful in addressing current gender gaps and reshaping gender parity for the future in seven countries to date. Specific focus is given to closing gaps in participation, remuneration and leadership, and preparing companies and countries for gender parity in the future of work. These national platforms build on the Gender Parity Task Force model successfully piloted in Mexico, Turkey, Japan and the Republic of Korea since 2012. Task Forces are currently established in Chile, Argentina, Panama, Peru and France, with those in Latin America run in partnership with the Inter-American Development Bank.

  2. Global exchange platform: At the global level, the Global Alliance for Closing the Gender Gap provides an exclusive global platform for leaders and experts from business, government, civil society, and academia to build consensus, share ideas and best practices, identify “preferred partners and models” and strategically guide national-level action. In addition, the project compiles the latest knowledge and insights on the issues to help leaders take informed decisions and to help shape the public narrative, such as the annual Global Gender Gap Report.

  3. Global business commitments on gender parity: The project calls for quantifiable commitments from leading companies in order to increase workforce opportunities for women and aims to shape these in 2018-19 to focus on STEM fields. The Forum will guide companies to design and align their interventions through a menu of business actions and these commitments will be broadly disseminated through the Forum network to magnify their impact. The project also compiles cutting-edge knowledge, insights and tools to inform commitments and assist companies in measuring, tracking and narrowing gender gaps, such as Accelerating Gender Parity: A Toolkit.

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