Algeria Records 187 New Cases of COVID-19    Palestinian Stock Exchange Ends Higher    GACA: Aviation Medicine Contributes to Achieving Highest Levels of Safety during Flight    UAE, Pakistan Discuss Promoting Bilateral Relations    Jordanian King Receives Phone Call From Libyan Presidential Council Chairman    KSrelief Distributes Food Baskets to Syrian and Palestinian Refugees in Lebanon    Custodian of the Two Holy Mosques Condoles Egyptian President on Victims of Qalyubia Train Accident    Saudi Stock Exchange Main Index Ends Trading Higher at 10,116 Points    Quality of Life Program: National Cultural Awards culminates support to Saudi culture, intellectuals    Presidency to increase capacity of Mataf Courtyard, allocating 4 paths for elderly    Russia reports 8,164 new COVID-19 cases, 379 deaths    Custodian of the Two Holy Mosques Directs Disbursement of SR 1.9 Billion of Ramadan Aid for Social Insurance Beneficiaries    Prince Khalid meets with UK PM's envoy to Gulf region    10 million people in UK receive second dose of COVID-19 vaccine    Video clip showing expats being assaulted is old: Riyadh Police    US immigration agencies ordered to end use of terms 'alien' and 'assimilation'    US warns against travel to 80% of all countries due to COVID-19 State Department 'strongly recommends' US citizens reconsider any travel aborad    In Jeel Tamooh's third edition, BCG experts, 100 world-class Saudi students come together    UAE government adopts 'blockchain' technology in authentication services    KSrelief signs two joint agreements to serve needy people in Yemen    Jadwa Investment partners with MHRSD to develop non-profit sector    Oilfields Supply Center's $570m investment in SPARK    SRC Obtains Good Ratings From Moody's, Fitch    Diriyah Gate participates in Kingdom's celebration of the World Heritage Day    Saudi Al-Hilal Defeats UAE Shabab Al-Ahli witn AFC Champions League    Saudi Al-Ahli, Qatari Al-Duhail Drew 1-1    Messi fires Barca to dominant Cup final win    Bayern moves closer to title but Flick says he's leaving    Bayern move closer to title but Flick says he's leaving    The importance of legal specialization    Indian actor and environmentalist Vivek dies at age of 59    Alert over shortage of new drugs for 'world's most dangerous bacteria'    Helen McCrory, 'Harry Potter' and 'Peaky Blinders' star, dead at 52    New global compact aims to drive down diabetes deaths, boost insulin access    Welcome to beautiful Ramadan customs    Foundation stone laid for Jeddah Formula One circuit    Laying the Foundation Stone for Jeddah Formula One Circuit    King Salman Center for Disability Research Launches 2nd Edition of its Story Collection (Awareness)    Riyadh Light Witnesses Conclusion of External Artworks    Riyadh Light Turned the Capital into Lights' Aura    Colored Triangles Decorate Conference Building, at King Abdullah Financial Center    Vaccination does not invalidate fasting, says UAE Fatwa Council    It is high time to correct wrong concepts about women's status    Council of Senior Scholars: Muslim Brothers' Group Don't Represent Method of Islam, rather only Follows its Partisan Objectives, Violating our Graceful Religion    Court facilitates young woman's marriage after stripping father's guardianship    Eid Al-Adha Prayer Performed at the Grand Holy Mosque    Pilgrims Perform Dhuhr and Asr Prayers in Arafat Holy Site    Senior Scholars Council Issues Decision No. 246 Regarding Attendance of Friday Prayer and Prayers at Mosques in a Case of Spread of Epidemic or Fear of its Spread    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

UNDP urges temporary basic income for women hit hard by coronavirus fallout
Published in The Saudi Gazette on 05 - 03 - 2021

The United Nations Development Programme (UNDP) has called for a temporary basic income for millions of the world's poorest women, to help them cope with the effects of the coronavirus pandemic and alleviate the economic pressures they face every day.
In a report released on Thursday, UNDP highlighted that financial support could prevent rising poverty and widening gender inequality, especially in developing countries.
"Women have been harder hit than men by the pandemic, losing income and leaving the labour market at a greater rate and taking on a greater share of care work", the agency said.
"A temporary basic income could provide financial security in the short-term paving the way for future investments that address systematic gender inequality", it added.
According to UNDP, a monthly investment of 0.07 to 0.31 per cent of developing countries' gross domestic product (GDP) could provide reliable financial security to 613 million working-age women.
The amount is equivalent to $51 billion purchase power parity – the amount of money needed to purchase a basket of goods, factoring in different currency exchange rates across countries.
Ensuring survival in ‘unprecedented times'
Achim Steiner, head of UNDP, said that by redirecting the required amount to women in severe socio-economic stress, Governments can help ensure their survival amidst these unprecedented times.
"The benefits of such a meaningful investment could not only help women and their families absorb the shock of the pandemic, but also empower women to make independent decisions about money, livelihoods and life choices", he highlighted.
Narrowing gender gap
In the report, issued ahead of this year's International Women's Day, UNDP underscored the need to act immediately to ensure women can access social protection schemes, as the COVID-19 crisis has affected women differently than men.
Jobs done by women around the world tend to be lower paid, if paid at all, often lack social protection and safety nets, and are predominately in the sectors affected most by the global lockdowns accompanying the coronavirus pandemic, the agency said.
Women have also taken on a greater share of unpaid work and have faced a surge of domestic violence with lockdowns forcing them to stay in unsafe homes.
Beyond supporting women to access their daily needs, the report stresses that the temporary basic income for women would also help narrow the gap between men and women who live in poverty and balance the control of economic resources within the household. — UN news

Clic here to read the story from its source.