Why global financial decisions matter for women

SOMO Paper

During the corona pandemic, many women around the world have struggled harder than ever to find the money to survive. Both the formal and informal economies have been affected by lockdowns, women’s income has dropped more than men’s, and their unpaid domestic and care work has increased. Women’s rights and self-determination have been set back, and progress on gender equality has been undone. This paper links the daily financial problems many women face to the international financial system and specifically to the decisions that are made by the Group of Twenty (G20) on global finances.