At current rates of progress it may take more than 200 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 Closing the Gender Gap Project aims to create global and national platforms to advance economic gender parity and increase workplace opportunities for five million women by 2020. This target will reach one million women through global business commitments and four million women through direct country implementation. It works at three levels:
Gender Parity Task Forces generate collaborations between public and private sector stakeholders with the capacity to bring more women into the economy. The Task Forces commit to better understanding the barriers to female economic participation and progress, to collaboratively exploring and implementing solutions, and to providing a neutral platform for dialogue and action. In particular, the Task Forces focus on increasing the number of women in the workforce, supportng women to progress into management and leadership positions and narrowing the gender wage gap.