The global cost of Violence Against Women and Girls (VAWG) has been estimated at least 1.5 trillion dollars
A World Bank study found that VAWG costs 1.2–3.7% of GDP for some countries, and the WB emphasises that these proportions of GDP are what many countries spend on primary education.
Thus, the impact of VAWG goes beyond the individual and affects communities, businesses and overall economies.
A 2023 DOSM report indicated that Violence Against Women (VAW), particularly intimate partner violence (IPV), remains prevalent in both urban and rural areas. In fact, some studies suggest that more than 50% of women have faced some form of violence, including physical, emotional, or economic abuse and violence.
For this International Day for the Elimination of Violence Against Women (IDEVAW), NIAGA SPOTLIGHT focuses on actionable strategies for addressing the roots causes of Economic Violence Against Women via economic empowerment and gender balance in business and finance to break life cycle poverty.
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