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Small Change or Real Change?

Commonwealth Perspectives on Financing Gender Equality

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It is now generally recognised that gender equality is essential for sustained economic growth and for democracy, peace and security. Small Change or Real Change? Commonwealth Perspectives on Financing Gender Equality presents key thinking from experts around the world on a topic that is currently of great international concern: how to ensure that sufficient financial resources are available – both through the new aid modalities and from domestic sources – to effect the necessary changes to make gender equality a reality.



The chapters cover the full range of issues around financing gender equality, including implementation of the aid agenda, the implications for gender equality of financing HIV and AIDS interventions, the impacts of trade policies on key sources of financing and women’s need for equal access to affordable finance. Of particular concern is the importance of tracking the gender impact of aid resources (including post-conflict aid) through mechanisms such as gender-responsive budgets and aid effectiveness approaches.



The contributors, all of them development practitioners though from diverse backgrounds, share one common goal: to influence governments, bilateral and multilateral organisations to scale up their commitments to financing gender equality and thus not only make a real difference to the lives of women around the world but also reduce poverty and promote sustainable development.

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Gender and Trade: Impacts and Implications for Financial Resources for Gender Equality

Financing gender equality in the context of development and democracy requires specific and focused attention to allocating budgetary resources for the education, health care, training, skills and entrepreneurial development that is necessary to improve the lives of girls and women and to promote the overall economic empowerment of women. In order for this to occur in a predictable and sustainable manner, there must be a strategic rethinking of frameworks of fiscal policy, public finance, debt sustainability, monetary policy, exchange rate management, financial market regulation, trade reform and the negotiation of trade agreements. Increasingly, these areas are no longer the sole preserve of domestic policy-makers but are becoming interlinked with the operations of the broader multilateral trading system (MTS), global finance and global macroeconomic arrangements through formal processes of coherence between trade and financial institutions such as the International Monetary Fund (IMF), the World Bank and the World Trade Organization (WTO). This is also true of the harmonisation of aid under the Paris Declaration on Aid Effectiveness.

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