Georgia placed 55th on World Bank’s Women, Business and the Law 2020 Index
Georgia takes 55th place among 190 economies on the Women, Business and Law 2020 Index, a World Bank study designed to measure economic empowerment of women around the world.
Out of 100 points on the index, Georgia scored 85.6, a definite improvement on last year’s score of 79.38 and above the global average of 75.2, making Georgia a regional leader.
Women, Business and the Law 2020 is the sixth in a series of studies that analyze laws and regulations affecting women’s economic opportunities, using eight indicators that are structured around women’s interactions with the law as they begin, progress through, and end their careers. The indicators are Mobility, Workplace, Pay, Marriage, Parenthood, Entrepreneurship, Assets, and Pension.
“Legal rights for women are both the right thing to do and good from an economic perspective. When women can move more freely, work outside the home and manage assets, they are more likely to join the workforce and help strengthen their country’s economies,” said World Bank Group President, David Malpass. “We stand ready to help until every woman can move through her life without facing legal barriers to her success.”
The report highlights Georgia’s progress in two areas – adoption of legislation that provides civil remedies in case of unfair dismissal of a victim of sexual harassment and prohibition of gender-based discrimination in access to credit or other financial services.
“A country cannot achieve its full economic potential if 50 percent of its population is obstructed from reaching theirs,” said World Bank Regional Director for the South Caucasus, Sebastian Molineus. “We commend Georgia’s progress in ensuring equal access to financial services for all genders, and tackling unfair treatment of women in the workplace, as both of these are crucial steps towards creating an environment in which all Georgians – both men and women - can equally flourish.”
The full report can be downloaded here.