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Women, youth engagement in Arab development
31-1-2018
In yet another redundant repetition to the recommendations aiming to integrate women into the economy, the IMF Managing Director, Christine Lagarde, called for setting priorities to achieve the goals, primarily empowering women to enhance their status in society, through provision of quality education and funding prospects to facilitate the emergence of SMEs that can boost the cycle of economic recovery led by modern technologies. Lagarde speech came yesterday during a conference organized by the International Monitory Fund (IMF), in partnership with the Arab Monetary Fund and the Moroccan Ministry of Finance, in Marrakesh, entitled: ‘Opportunity for All: Promoting Growth, Jobs, and Inclusiveness in the Arab World’. Lagarde, said that the rate of global economy could rise to 3.9% next year, describing it as a record growth since the global economic crisis. Lagarde pointed out that the development of technology and telecommunication services provide additional fields for integrating young people in the development process depending on the capacity of these countries to create adequate jobs to involve their youth, rather than relying on the conventional roles of the governments and the public sector. To be noted that participants agreed that the rapid developments in the region and the global economic recovery provide profuse opportunities to capitalize on in terms of achieving economic and social development that scales up the involvement of women and the youth. This in turn will raise the rate of development, promote social stability, attract investments, as well as, reduce disparities among individuals and regions through governance systems, improved business climate and fiscal justice. (Al Hayat, Janaury 31, 2018)
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