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Economy and Finance

Economy and Finance

What does G20's 'Brisbane Goal 25*25' implies?

27 Oct 2023 Zinkpot 221
  1. The Australian G20 Presidency in 2014 made a critical contribution to the G20 agenda, focusing on commitments for growth and jobs, the Brisbane “25x25” which commits to reducing the gender gap in labor market participation by 25% in 2025.
  2. It aimed at bringing 100 million women into the labor market, increasing global and inclusive growth, and reducing poverty.
  3. What is the Gender Gap? The gap in any area of society between women and men in terms of their levels of participation, access, rights, remuneration, or benefits.
  4. In recent years, almost all G20 countries made progress in terms of equal opportunities, participation of women in the labor market, and reduction of the gender pay gap.
  5. In the recent G20 2023 Delhi Declaration, the world leaders reaffirmed their commitment to achieve the Brisbane Goal to reduce the gap in labor force participation and implementing the G20 Roadmap Towards and Beyond the Brisbane Goal ‘25 by 25’ and ask the ILO and OECD to report progress annually.
  6. This can be done by ensuring equal access to affordable, inclusive, equitable, safe, and quality education from early childhood through higher education to lifelong learning and supporting the greater enrolment, participation, and leadership of all women and girls, including those with disabilities, in STEM fields and in emerging digital technologies.
     

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