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IMF adopts plan to better account for gender gaps

July 24, 2022
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TE24 International Desk:

In response to multiple global crises that disproportionately affect women, the International Monetary Fund (IMF) has adopted new policies to better consider gender in its work, the managing director of the global crisis lender announced Friday.

“I am extremely pleased and proud to announce that the Executive Board today approved the IMF’s first Gender Strategy, which aims to integrate gender into the Fund’s core operations,” Kristalina Georgieva said in a statement.

He explained that the Washington-based organization will immediately begin implementing the strategy, which includes improving access to gender-disaggregated data as well as “putting in place a robust framework to ensure that macro-critical aspects of gender are integrated into IMF country work.”

“Successful implementation of this strategy will help our member countries achieve more inclusive and equitable economic growth and resilience,” said Georgieva. “When women do well, countries do well.”

A Bulgarian economist who has worked in international development for decades, Georgieva added that “well-designed macroeconomic, structural, and fiscal policies can support efficient and inclusive outcomes and equity for women, girls, and society in general.”

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