SOMO Paper
During the coronavirus 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 highlights the links between daily financial problems facing women and the international financial system and specifically to the decisions that are made by the G20 A small group of finance ministers and central bank governors from the world’s largest and richest countries. The G20 consists of the European Union plus 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, and the United States. Various G20 ministerial meetings on finance and other topics, and a summit with heads of state, are chaired by a different G20 country each year. Indonesia currently holds the reins. India will take over in December 2022, and Brazil will likely follow in December 2023. on global finances.
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