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Investing in women and girls makes economic sense and accelerates progress for millions of people
Wednesday, 2024/03/13 | 08:43:13

07/03/2024

 

Rome - Investing in gender equality and women’s empowerment is not only more urgent than ever but also an incredibly smart investment to generate economic growth, food security, income opportunities and better lives, particularly in rural areas where most of the world’s poorest live. That will be the message tomorrow on International Women’s Day from leaders at the Rome-based United Nations agriculture and food agencies event - Invest in Women: accelerate progress.

 

Closing gender gaps in farm productivity and wages within agrifood systems could boost the global domestic product by 1 percent, representing nearly US$1 trillion, and decrease global food insecurity levels, leading to 45 million more people being food-secure, according to the 2023 FAO status of women in agrifood systems report.

 

"Investing in women means investing in sustainable development. The return on investment isn't just being able to beat poverty and inequality but building stronger institutions, economies and entire communities,” said Gerardine Mukeshimana, Vice-President of the International Fund for Agricultural Development (IFAD).

 

“Given women’s crucial role in rural economies and agrifood systems, particularly in low- and middle-income countries, addressing the gender gap in financing is critical for more inclusive and equitable rural development. Bridging this gap not only empowers women but can also have significant benefits for their households and communities,” said Maria Helena Semedo, Deputy Director-General, Food and Agriculture Organization of the United Nations (FAO).

 

“When we invest in women and girls, we nurture entire communities,” said Valerie Guarnieri, World Food Programme (WFP) Assistant Executive Director, Programme Operations. “We can win the battle against hunger and malnutrition by empowering and supporting women to take the lead.”

 

Today, only four percent of total bilateral aid is dedicated to programs with gender equality as the principal objective, according to the Organisation for Economic Cooperation and Development (OECD) 2022 Gender snapshot. Furthermore, the existing funding gap to achieve gender equality in key areas, including reaching the Sustainable Development Goals to end hunger and poverty and supporting equal participation of women in societies by 2030, is about US$360 billion annually in 48 developing countries (FAO 2023).

 

Agrifood systems are an important source of income for women in many countries. In Sub-Saharan Africa, for example, 66 percent of women’s employment is in agrifood systems, and in southern Asia, it is as much as 71 percent. Women are essential to global, regional and national food security (FAO 2023).

 

Yet, women’s unequal status, due to discriminatory social norms present in society and agrifood systems, leaves them vulnerable to hunger and poverty. In 2022, 388 million women and girls lived in extreme poverty and 27.8 percent of women were moderately or severely food insecure.

 

This overall picture of gender disparity is starkly evident in rural areas. Limited access to assets and agricultural inputs generates a land productivity gender gap, with a 24 percent difference between productivity from female versus male-managed farms of the same size. Women earn, on average, 18.4 percent less in wage employment in agriculture: when men earn one dollar, women earn about 82 cents. Also, heatwaves and floods affect rural women and men differently and widen the income gap, as highlighted in the Unjust Climate report (FAO 2024).

 

See https://www.fao.org/newsroom/detail/investing-in-women-and-girls-makes-economic-sense-and-accelerates-progress-for-millions-of-people/en

 

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