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Women, Business and the Law Report 2024
March 15 , 2024
50 days
208
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- The World Bank (WB) Group has released a report titled ‘Women, Business and the Law 2024’.
- It offers a comprehensive picture of the obstacles that women face in entering the global workforce and contributing to greater prosperity—for themselves, their families, and their communities.
- Women on average enjoy just 64% of the legal protections that men do—far fewer than the previous estimate of 77%.
- Only 98 economies have enacted legislation mandating equal pay for women for work of equal value.
- Yet only 35 economies have adopted pay-transparency measures or enforcement mechanisms to address the pay gap.
- In 2023, governments were assertive in advancing three categories of legal equal-opportunity reforms—pay, parental rights, and workplace protections.
- Women enjoy barely one third of the needed legal protections against domestic violence, sexual harassment, child marriage and femicide.
- Although 151 economies have laws in place prohibiting sexual harassment in the workplace, just 39 have laws prohibiting it in public spaces.
- In the area of pay, women earn just 77 cents for every $1 paid to men.
- Women spend an average of 2.4 more hours a day on unpaid care work than men, much of it on the care of children.
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