Promoting the economic empowerment of women is not only right, it is the smart thing to do.
Graham Watson's insight:
The IMF looks at why empowering women is a good thing for development: it's relatively simple. Women represent more than 50% of the potential workforce and increasing female education also reduces fertility rates.
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However, governments have an important role to play in creating an environment that can empower women and foster development.
In Zambia, women and girls bear a disproportionate burden of poverty. Yet, when girls get support and stay in school, when women get business training and cash grants, and when government ministries combine efforts, change begins. Watch these women and girls' stories from Lufwanyama, Zambia.
Graham Watson's insight:
This World Bank clip highlights the importance of female empowerment, via education and training, to development, looking at the GEWEL project in Zambia. It makes for heartening viewing.
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The IMF looks at why empowering women is a good thing for development: it's relatively simple. Women represent more than 50% of the potential workforce and increasing female education also reduces fertility rates.
Â
However, governments have an important role to play in creating an environment that can empower women and foster development.