The briefing is part of CARE International’s Feminist Financing briefing series, which is directed at decision-makers from governments, multilateral agencies and companies and aims to show best practice examples of how to integrate a gender-lens across the breadth of financial resource flows: ODA, climate finance, taxation, private sector financing, business engagement and value chains, debt relief and economic and financial systems.
Without increasing focus and financing for gender equality, we will not only lose decades of progress – pushing the goal of equal rights and opportunities for all people into future centuries – but we risk jettisoning global agendas of economic justice, sustainable development and global wellbeing. Investing in gender equality should be a no-brainer. Closing gender gaps in employment alone can unlock US$160 trillion2 in global economic growth. If women and men were to be funded and treated equally as entrepreneurs, global GDP could rise by 3-6%,3 boosting the world economy by US$2.5-5 trillion. Investing in care promises a US$1:4 Return on Investment,4 and ensuring a gender-just green transition that includes low-to-no-carbon jobs as green work benefits the planet, societies and economies.5 In a resource-constrained world, each type of resource needs to contribute to gender-equitable outcomes. “Feminist financing” requires us to set out with the intention to build a just and fair economic system that works for everyone, including women, girls and other marginalised groups.
Source: CARE Nederland
