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Pandemic could widen economic gender gap, IMF warns

WASHINGTON: The coronavirus pandemic could jeopardize progress made by women over the last three decades in narrowing the economic gap between themselves and their male counterparts, the International Monetary Fund said Tuesday.

The health crisis, which will lead to a 4.9 percent contraction in global GDP, affects women more than men because they hold more jobs in the hardest-hit sectors, such as the service industry, retail and hotels.

In the United States, about 54 percent of women work in sectors where they cannot telework. In Brazil, 67 percent of women are unable to work remotely.

The IMF pointed out that women are also disadvantaged by the fact that they tend to do more unpaid domestic work — on average, about 2.7 hours per week.

“They essentially take on the family responsibilities that come with confinement, such as closing down schools,” the IMF said on its blog.

The IMF said it is crucial that policymakers “take steps to limit the adverse effects of the pandemic on women.”

The Washington-based crisis lender praised the Latin American Coalition to Empower Women, which was created in April at the request of the vice presidents of Colombia, Costa Rica and the UN Economic Commission for Latin America and the Caribbean (ECLAC).

The IMF also hailed steps taken in Austria, Italy, Portugal and Slovenia to give paid leave — even partial — to parents with children under a certain age, and highlighted an initiative in France to give leave to parents affected by school closures.

M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.