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The benefits of gender diversity are well known – it increases effectiveness and efficiency and strengthens decision-making. Yet, the IMF Executive Board continues to fall short of reaching gender balance, with women constituting a small minority of the Executive Directors and Alternate Executive Directors. There is a clear need for change. The IMFC has called on the membership to take action, including by introducing voluntary medium-term objectives to raise the number of women holding leadership positions at the Board. This report summarizes the Executive Board’s recommendations for these targets and lays out proposals for concerted actions that can be taken by individual countries and constituencies.
Economics of Gender --- Economics --- Gender diversity --- Gender Studies --- Gender studies --- Gender studies, gender groups --- Gender --- Monetary economics --- Monetary Policy --- Monetary policy --- Money and Monetary Policy --- Non-labor Discrimination --- Political Economy --- Political economy --- Sex role --- Women & girls --- Women --- Women's Studies
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This paper provides an update on progress towards the Fund’s FY 2025 Diversity Benchmarks, as of the end of FY 2023. The paper also includes information on action the Fund is taking to promote greater diversity and inclusion through a two-year roadmap of initiatives primarily focused on recruitment, talent development, equity and inclusion and promoting greater leadership accountability and transparency. The paper also covers plans to convene a cross-functional working group to establish the Diversity Benchmarks targets for FY 2030.
Economics of Gender --- Environment --- Gender diversity --- Gender inequality --- Gender Studies --- Gender studies --- Gender studies, gender groups --- Gender --- Human Capital --- Human capital --- Income economics --- Labor Productivity --- Labor --- Labour --- Non-labor Discrimination --- Occupational Choice --- Sex discrimination --- Sex role --- Skills --- Social discrimination & equal treatment --- Women & girls --- Women --- Women's Studies
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This note reviews the literature on the complex relationship between gender and business cycles. It focuses on nuanced patterns that challenge the notion of gender neutrality in economic fluctuations. The note also analyzes dimensions, such as unemployment, income risk, hours worked, and responses to monetary and fiscal policy shocks, and documents distinctive disparities.
Business cycles --- Business Fluctuations --- Currency crises --- Cycles --- Economic growth --- Economic recession --- Economic sectors --- Economics of Gender --- Economics of specific sectors --- Economics --- Equity, Justice, Inequality, and Other Normative Criteria and Measurement --- Gender inequality --- Gender Studies --- Gender studies --- Gender --- Income economics --- Informal sector --- Labor --- Labour --- Macroeconomics --- Non-labor Discrimination --- Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) --- Recessions --- Sex discrimination --- Social discrimination & equal treatment --- Unemployment --- Unemployment: Models, Duration, Incidence, and Job Search --- Women & girls --- Women --- Women's Studies
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This interim note provides general guidance on the operationalization of the IMF’s Strategy Toward Mainstreaming Gender. It offers a comprehensive overview of how IMF staff can integrate macrocritical gender issues into the IMF’s core areas of surveillance, lending, and capacity development. Key topics include i) identifying and assessing macrocritical gender gaps; ii) the “light touch” and “deep dive” approaches; iii) early insights on integrating gender into IMF-supported programs; iv) capacity development on gender or with a gender lens; v) synergies with other workstreams and vi) the importance of collaboration. It also includes summaries and links to relevant tools, databases, IMF staff reports, and relevant literature.
Aggregate Factor Income Distribution --- Economics of Gender --- Economics --- Finance --- Finance: General --- Financial inclusion --- Financial Markets and the Macroeconomy --- Financial markets --- Financial services industry --- Gender diversity --- Gender inequality --- Gender Studies --- Gender studies --- Gender studies, gender groups --- Gender --- Income distribution --- Income inequality --- Macroeconomics --- Monetary economics --- Monetary Policy --- Monetary policy --- Money and Monetary Policy --- National accounts --- Non-labor Discrimination --- Political Economy --- Political economy --- Sex discrimination --- Sex role --- Social discrimination & equal treatment --- Women & girls --- Women --- Women's Studies
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Efforts to achieve gender equality will not only help sub-Saharan Africa revive its inclusive growth engine but also will ensure progress towards the Sustainable Development Goals and help address the main disruptive challenges of this century. This book explores the progress made in gender equality in the region, highlighting both the challenges and successes in areas such as legal reforms; education; health; gender-based violence; harmful practices, such as child marriage; and financial inclusion. It takes stock of initiatives towards integrating gender into core macroeconomic and structural reforms, such as through implementing gender budgeting and examines the role that fiscal and other policies can play in closing gender gaps when they are mindful of distributional impacts. Drawing from extensive research across different institutions, the book underscores the macroeconomic significance of gender equality, emphasizing its potential to drive GDP growth, enhance economic stability, reduce income inequality, and foster sustainable development. It lays out how gender gaps interact with emerging challenges, such as digitalization, and explores the impact of global megatrends, such as climate change, on gender inequality, offering strategies for inclusive policy responses—including in a context where women and girls are still carrying a disproportionate care burden that is often not captured in economic measurement. The book aims to serve as a roadmap for policymakers, stakeholders, and advocates seeking to harness the untapped potential of gender equality—for its own sake and for the region's inclusive, sustainable, and green development. It calls for concerted efforts to dismantle structural barriers, transform social norms, and prioritize gender-responsive policies to unlock the full economic potential of sub-Saharan Africa.
Banking --- Banks and Banking --- Banks and banking, Central --- Central Banks and Their Policies --- Central banks --- Currency crises --- Economic & financial crises & disasters --- Economic Anthropology --- Economic Sociology --- Economics of Gender --- Education --- Education: General --- Financial crises --- Foreign Exchange --- Gender budgeting --- Gender inequality --- Gender Studies --- Gender studies --- Gender studies, gender groups --- Gender --- Health Behavior --- Health economics --- Health --- Health: General --- Labor --- Language --- Macroeconomics --- Non-labor Discrimination --- Sex discrimination --- Sex role --- Social and Economic Stratification --- Social discrimination & equal treatment --- Women & girls --- Women --- Women's Studies
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This Selected Issues paper investigates the drivers of headline inflation and the degree of exchange rate pass-through (ERPT) in The Gambia over the period 2014–2023. Stylized facts and the limited studies on The Gambia point to the role of both domestic and external drivers for inflation dynamics. The Gambia is indeed a net importer of essential foods and energy. The analysis highlights the decisive long-term roles of global prices of commodities (food, oil and fertilizer), the exchange rate, and the domestic output gap. The short-run dynamics of inflation points to the roles of global food price and the second-round effects of changes in food prices and the output gap. Monetary policy has the potential to tame inflation in the short run provided the monetary policy rate is adjusted rapidly and boldly. Lastly, there is evidence of an asymmetric ERPT to domestic prices, and the size of currency depreciation matters for inflation dynamics.
Climate change --- Climate --- Climatic changes --- Deflation --- Economic theory --- Economics of Gender --- Environment --- Environmental Economics --- Environmental Economics: General --- Gender Studies --- Gender studies --- Gender --- Global Warming --- Green finance / sustainable finance --- Inflation --- International agencies --- International Agreements and Observance --- International Economics --- International institutions --- International organization --- International Organizations --- Macroeconomics --- Macroeconomics: Production --- Monetary economics --- Monetary Policy --- Monetary policy --- Money and Monetary Policy --- Natural Disasters and Their Management --- Natural Disasters --- Natural disasters --- Non-labor Discrimination --- Output gap --- Price Level --- Prices --- Production --- Women & girls --- Women --- Women's Studies --- Gambia, The
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The share of women in managerial and leadership roles in Japan – in both the public and private sector – are among the lowest across the globe. This paper empirically examines what drives these large gender gaps in leadership in Japan, using the SVAR model. Results suggest — (i) cultural norms where women take up significantly more burden of household and childcare work; (ii) Japan’s unique employment practices (non-regular employment, long in-person working hours); and (iii) the availability of childcare facilities — are the key drivers. Further progress on workstyle reforms, more flexible labor markets, improving the quality of childcare facilities, and raising paternity leave usage will help close these gaps.
Aggregate Human Capital --- Aggregate Labor Productivity --- Child Care --- Children --- Economic theory --- Economics of Gender --- Employment --- Family Planning --- Fertility --- Gender diversity --- Gender inequality --- Gender Studies --- Gender studies --- Gender studies, gender groups --- Gender --- Income economics --- Intergenerational Income Distribution --- Labor Contracts --- Labor Economics Policies --- Labor Economics: General --- Labor --- Labour --- Non-labor Discrimination --- Sex discrimination --- Sex role --- Social discrimination & equal treatment --- Unemployment --- Wages --- Women & girls --- Women --- Women's Studies --- Youth --- Japan
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Qatar’s state-led, hydrocarbon intensive growth model has delivered rapid growth and substantial improvements in living standards over the past several decades. Guided by the National Vision 2030, an economic transformation is underway toward a more dynamic, diversified, knowledge-based, sustainable, and private sector-led growth model. As Qatar is finalizing its Third National Development Strategy to make the final leap toward Vision 2030, this paper aims to identify key structural reforms needed, quantify their potential impact on the economy, and shed light on the design of a comprehensive reform agenda ahead. The paper finds that labor market reforms could bring substantial benefits, particularly reforms related to increasing the share of skilled foreign workers. Certain reforms to further improve the business environment, such as improving access to finance, could also have large growth impact. A comprehensive, well-integrated, and properly sequenced reform package to exploit complementarities across reforms could boost Qatar’s potential growth significantly.
Choice of Technology --- Climate finance --- Climatic changes --- Economics of Gender --- Education --- Education: General --- Environment --- Environmental Economics --- Environmental Economics: General --- Gender studies --- Gender --- Green finance / sustainable finance --- Human Capital --- Income economics --- Industrial Policy --- Industrialization --- International agencies --- International Agreements and Observance --- International Economics --- International institutions --- International organization --- International Organizations --- Labor Economics Policies --- Labor force participation --- Labor market reforms --- Labor market --- Labor Productivity --- Labor Standards: Labor Force Composition --- Labor --- Labour --- Macroeconomics --- Manpower policy --- Manufacturing and Service Industries --- Monetary economics --- Monetary Policy --- Monetary policy --- Money and Monetary Policy --- Non-labor Discrimination --- Occupational Choice --- Skills --- Technological Change: Government Policy --- Women & girls --- Women --- Women's Studies --- Qatar
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Three years after the COVID-19 crisis, employment and total hours worked in Europe fully recovered, but average hours per worker did not. We analyze the decline in average hours worked across European countries and find that (i) it is not cyclical but predominantly structural, extending a long-term trend that predates COVID-19, (ii) it mainly reflects reduced hours within worker groups, not a compositional shift towards lower-hours jobs and workers, (iii) men—particularly those with young children—and youth drive this drop, (iv) declines in actual hours match declines in desired hours. Policy reforms could help involuntary parttimers and women with young children raise their actual hours towards desired levels, but the aggregate impact on average hours would be limited to 0.5 to 1.5 percent. Overall, there is scant evidence of slack at the intensive margin in European labor markets, and the trend fall in average hours worked seems unlikely to reverse.
Aggregate Human Capital --- Aggregate Labor Productivity --- Currency crises --- Demand and Supply of Labor: General --- Demographic Economics: General --- Demography --- Diseases: Contagious --- Economic & financial crises & disasters --- Economic theory --- Economics of Gender --- Economics of specific sectors --- Economics --- Economics: General --- Education --- Education: General --- Employment --- Gender studies --- Gender --- Income economics --- Infectious & contagious diseases --- Informal sector --- Intergenerational Income Distribution --- Labor Force and Employment, Size, and Structure --- Labor force participation --- Labor market --- Labor markets --- Labor Standards: Labor Force Composition --- Labor supply --- Labor --- Labour --- Macroeconomics --- Non-labor Discrimination --- Population & demography --- Population and demographics --- Population --- Time Allocation and Labor Supply --- Unemployment --- Wages --- Women & girls --- Women --- Women's Studies
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This Selected Issues paper analyzes drivers of core inflation in Austria. Inflation in Austria has declined on falling energy prices, but the pace of its return to the two percent target is uncertain. In order to gain insight into the likely pace of disinflation, this chapter examines key drivers of core inflation from two perspectives. First, it explores how energy prices have affected core inflation by examining differences in inflation trends between core goods and services with a relatively high energy-input content versus those with a relatively low energy-input content. Second, the paper uses a parsimonious econometric model to generate forecasts of core inflation. The paper concludes that there are good reasons to expect core inflation to keep falling as lower energy prices continue to pass through to core prices and as euro-area inflation, a key determinant of Austrian inflation in the econometric model, continues to fall. However, the IMF staff does not project Austrian inflation to reach the two percent target for some time, given inflation’s current elevated level and somewhat sticky services inflation.
Climate change --- Climate --- Climatic changes --- Deflation --- Economic Development: Urban, Rural, Regional, and Transportation Analysis --- Economics of Gender --- Energy --- Energy: Government Policy --- Environment --- Environmental Conservation and Protection --- Environmental management --- Gender studies --- Gender --- Global Warming --- Housing --- Inflation --- Infrastructure --- International agencies --- International Agreements and Observance --- International Economics --- International institutions --- International organization --- International Organizations --- Macroeconomics --- Monetary economics --- Monetary Policy --- Monetary policy --- Money and Monetary Policy --- National accounts --- Natural Disasters and Their Management --- Non-labor Discrimination --- Price Level --- Prices --- Public finance & taxation --- Public Finance --- Renewable energy sources --- Renewable energy --- Saving and investment --- Women & girls --- Women --- Austria
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