In the mosaic of global progress, the empowerment of women stands as an indispensable cornerstone. As the world commemorates International Women’s Day 2024 under the banner “Invest in women: Accelerate progress,” the clarion call reverberates through the corridors of power, urging concerted action towards gender equality. In this epoch of multiple crises, it is imperative to recognise that investing in women is more than economic pragmatism or a moral compulsion. It’s both, the right and bright thing to do.
At the heart of this transformative agenda lies the need for transformative and sustainable financing. Through initiatives like the project in Tablón de Gómez, Colombia, UN Women has exemplified unwavering dedication to uplifting women from the shackles of marginalisation. Deyanira Cordoba’s journey, emblematic of countless others, underscores the transformative power of education and empowerment. By imparting knowledge of economic rights and bodily autonomy, UN Women has sown the seeds of empowerment, fostering resilience amidst adversity.
As we continue to confront the ravages of the COVID-19 pandemic, geopolitical upheavals, and climate catastrophes, the spectre of poverty looms large, casting a shadow of uncertainty over the lives of millions. Shockingly, an estimated 75 million people have been plunged into severe poverty since 2020, with women and girls bearing the brunt of this socio-economic upheaval. Without decisive action, the spectre of 342 million women and girls languishing below the poverty line by 2030 looms ominously.
It’s important to recognise the vast, often unrecognised contribution of women’s unpaid labour. When a woman dedicates her time and energy to unpaid tasks, such as caring for her family or contributing to her community, she isn’t merely engaging in domestic chores; rather, she is actively boosting the economy. It’s akin to a hidden engine propelling our economic growth, often overlooked and undervalued. In most countries, the national social sector relies heavily on women’s unpaid labour, from household chores to community development initiatives. Despite their significant contributions, women’s unpaid labour goes unrecognised in traditional economic frameworks.
Moreover, women play a pivotal role as stewards of resources and drivers of innovative solutions. They are natural climate change warriors and agents of change. Across the globe, women are at the forefront of sustainable development initiatives, from grassroots conservation efforts to pioneering renewable energy projects. Their unique perspectives and lived experiences enable them to identify and address environmental challenges in ways that are both effective and equitable. Studies have shown that empowering women economically leads to greater investment in sustainable practices, as women are more likely to prioritise the long-term well-being of their families and communities. By recognising and amplifying the contributions of women to sustainability financing, we can unlock new pathways towards a greener, more resilient future for all.
Additionally, financing isn’t merely about inclusion; it’s about recognising the immense potential of women-led development, which includes feminist narratives, organisations, and feminist economics at the centre. By investing in these initiatives, we not only promote gender equality but also foster innovation, entrepreneurship, and sustainable development. Women must be at the forefront of decision-making processes, shaping policies and programmes that reflect their needs and aspirations. This requires a concerted effort to dismantle systemic barriers and create an enabling environment that empowers women to thrive. The global South, is leading this chorus.
Amidst the tumult of our times, feminist organisations emerge as beacons of hope, steadfast in their commitment to challenging entrenched systems of oppression.
However, their noble endeavours are hindered by a chronic lack of resources, receiving a mere 0.13 per cent of total official development assistance. This International Women’s Day, let us heed the clarion call to support feminist change-makers, empowering them with the resources and recognition they rightfully deserve. For in their tireless advocacy lies the promise of a more just and equitable world for all.
As we navigate the complex global challenges, let us remember that investing in women is not merely a matter of economic calculus; it is a moral imperative, a testament to our commitment to human rights and social justice. In the words of Eleanor Roosevelt, “Where, after all, do universal human rights begin? In small places, close to home.”
(The author is Mission Head of UN Women in Timor Leste)
