IMF reports 26% Rise in Women as Central Bank Governors

In a new report by International Monetary Fund (IMF), it has been found that women’s number who are serving as Central Bank governors has increased by 26 percent in the past year. This particular rise has seen the number of female governors going up from 23 to 29.

However, these women still occupy just 16 percent of the leadership across the 185 Central Banks of the world, as per Official Monetary and Financial Institutions Forum’s (OMFIF) April report.

Women’s appointment to lead central banks is always at high, as per the report. But the current share is till somewhere far from acquiring gender parity. Even after all these progresses, women are still facing major challenges in their leadership roles in central banks globally.

This research says that we can achieve more diverse range of perspectives by having greater gender balance in senior roles. This can happen by enhancing checks and balances as well, which will result in an increased economic and financial stability.

Gender parity can help the society to grow because equal efforts from both the genders can lead to a balanced economy where no one gender is taking all the responsibility of driving growth.