Washington, April 28 (PresseBox)
According to the latest report by this organization, of the 335 central banks, pension funds or large commercial banks analyzed, only 46 are run by women.
They are still underrepresented in the banking sector, and while their presence is growing, the policies developed by organizations to promote them continue to have a “limited impact,” according to the document.
As evidence of this, there is only a 30 percent female presence on the boards and boards of these institutions. In the case of committees, the total proportion is 28 percent, and in the case of executive boards it is even 33 percent.
As part of the research, OMFIF applied what is known as the “gender balance index” to each unit, with a scoring system in which if they reach 100 it means they have achieved that balance; none reached it.
During the presentation of the study, International Monetary Fund (IMF) Deputy Managing Director Antoinette Sayeh asserted that “without gender-responsive growth, we simply cannot achieve long-term economic resilience”.
Narrowing the gender gap will boost growth and financial stability and reduce wage inequality, she added.
For her part, Ratna Sahay, the IMF’s Gender Advisor, announced that in June the Fund’s management would review a strategy to reduce gender gaps.
OMFIF is an independent forum of central banking and economic policy experts that promotes best practice in the financial world.
yeah/att