The Philippines has made major achievements in women’s economic empowerment; with more than 40% of women enrolled in tertiary education, women holding 40% of senior management roles, and owning almost one quarter of small to medium enterprises. The Philippines is the gender equality leader in South East Asia and ranked 8th out of 149 countries in the 2018 global gender gap index.
While the Philippines has made strong progress, cultural and political barriers continue to restrict opportunities available to women. Taking into account women’s higher levels of education, employers in the Philippines pay women 23-30%2 less than men, and appoint fewer women to leadership positions with 30% of boards composed entirely of men.
Filipino cultural norms also place the burden of unpaid housework and childcare upon women, restricting opportunities to progress in the workplace and in business. Women’s workforce participation is just 46% in the Philippines compared to 76% for men.
In collaboration with corporations and business leaders, impact investors and entrepreneurs, governments and advocates in the Philippines, Investing in Women is building the business case and spearheading the campaign for women’s economic equality in South East Asia.
This issue of EAFQ touches on key economic and social questions that affect gender equality in Southeast Asia and East Asia, delving beneath the aggregates and measurement challenges.
Catalytic Capital for Women’s Economic Empowerment: Report of the External Review of Component 2 of the Investing in Women Initiative
This report summarises the findings and recommendations of the external review of Component 2 (C2) on impact investing of the Investing in Women Initiative (IW) funded by Australia’s Department of Foreign Affairs and Trade (DFAT).
This updated Investment Design Document for Investing in Women reflects the opportunities and constraints of the evolving operational environments; the policy and budgetary settings of the Australian Government; and the lessons from Phase 1 implementation as identified through an independent Review process.