00:04 Magandan Arau Salahat.
00:07 At the World Bank,
00:08 we keep gender equality front and center in our world every day.
00:13 In the Philippines,
00:14 one of our focus areas is to help increase
00:17 the proportion of women participating in the labor force.
00:21 Compared to its neighbors in East Asia,
00:23 indeed,
00:24 women labor participation is low in the Philippines.
00:28 More broadly,
00:29 increasing women's economic empowerment is not only
00:33 the right thing to do.
00:34 It's also smart economics.
00:37 There's a direct link between women participation
00:40 in the labor force and economic growth.
00:42 If women are participating in larger numbers in the economy,
00:47 They help improve society's well-being now
00:51 and in the future.
00:52 And make policies and executions more inclusive.
00:58 Women's leadership,
01:00 gender-based vulnerabilities,
01:03 and education
01:04 are additional priorities for our work.
01:09 COVID-19 pandemic has exacerbated the risk for women.
01:14 And is really threatening gains on gender equality.
01:19 We see that in trade,
01:21 hospitality,
01:23 and manufacturing sectors,
01:25 a large share of women than men
01:27 have lost their jobs during the pandemic.
01:30 Also,
01:31 women are more likely than men to stop
01:34 working during the pandemic due to caregiving responsibilities.
01:39 But the pandemic has also highlighted some of the solutions to these gaps,
01:44 including
01:45 well-functioning social protection systems,
01:48 good childcare services,
01:50 and a regulatory framework for flexible work arrangements.
01:54 The crisis has also highlighted
01:57 the leadership and skills of women and girls
02:00 standing in the front lines
02:02 as healthcare workers,
02:04 caregivers,
02:06 innovators,
02:07 employers,
02:08 and community organizers
02:10 leading and mobilizing networks
02:13 to effectively reach people in need.
02:16 We join the rest of the world in celebrating
02:19 women
02:20 in this month of March.
02:23 I congratulate the Philippines on
02:25 its achievement toward promoting gender equality
02:28 and its consistent ambition
02:30 to continue improving on this very important agenda.
02:35 Much more work is needed.
02:37 And on this,
02:39 I'm very pleased to take this opportunity to share with you a paper summarizing
02:44 the way in which the World Bank continues to support the Philippines'
02:49 push forward gender equality.
02:53 Mabuhai
02:54 and Kababayehang,
02:55 Filipino.
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