“Many will come of age in regions where women face the biggest barriers, and where the GDP boost that would result from their participation is most needed,” said Tea Trumbic, the report’s lead author.
And ensuring equal workplace access for women benefits not just them but society in general, the report argued.
Indeed, in countries where women have more opportunities, men’s rate of labour force participation is also higher, the report says.
Advanced-economy countries have conditions most closely resembling equality, with Spain at the top, this report says. Countries in the Middle East and Pacific lag far behind.
The most significant progress in reducing the workplace equality gap came in low-income and developing countries such as Egypt, Madagascar or Somalia.
In these nations, efforts were made to ease restrictions on women entering certain fields, institute equal pay for equal work and allow parental leave.
Altogether, nearly 70 countries approved around 100 reforms from 2023 to 2025 seeking to give women more access to the job market and business world.
-Agence France-Presse