Employing more women could boost economies by 35 percent, says IMF chief Christine Lagarde via CNBCMakeIt
Hiring more women and abolishing discriminatory laws would significantly boost the world economy, according to Christine Lagarde.
"Things are changing. There was a time when women in the economy, women in employment, women in finance were not seen as macro-critical. That's no longer the case," she told The Guardian. She added that more advanced countries would also benefit from empowerment initiatives, citing the 16 percent gender pay gap among the richest countries within the Organisation for Economic Cooperation and Development, an economic think tank.
But there has been some progress. Although the proportion of countries with discriminatory laws remains stagnant, the study showed that over the past two years, 65 countries passed a total of 87 legal reforms to increase women's economic opportunities.
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