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Proposal for a Global Fund for Women through Innovative Finance

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  • Bilge Erten
  • Nilüfer Çağatay

Abstract

Despite the spread of budget initiatives for gender equality following the Beijing Declaration of 1995, resources allocated for eliminating gender inequalities remain inadequate. This paper proposes to create a Global Fund for Women through Innovative Finance (GFWIF) with the ability to raise funds through innovative sources of finance on a scale more appropriate to the estimated requirements of making reasonable progress toward gender equality (US$31–107 billion per year in constant 2014 dollars). It builds on previous calls by feminist economists for the establishment of such funds through global forms of taxation. Since donors’ commitments only meet the lower bound, the GFWIF could scale up funding for gender equality interventions commensurate with country needs. Global resource mobilization through innovative mechanisms, including allocations of new Special Drawing Rights, currency transaction taxes, and carbon taxes, have the potential to provide the necessary financing at a much faster pace than is currently possible.

Suggested Citation

  • Bilge Erten & Nilüfer Çağatay, 2017. "Proposal for a Global Fund for Women through Innovative Finance," Feminist Economics, Taylor & Francis Journals, vol. 23(4), pages 170-200, October.
  • Handle: RePEc:taf:femeco:v:23:y:2017:i:4:p:170-200
    DOI: 10.1080/13545701.2017.1287931
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    1. repec:eee:wdevel:v:117:y:2019:i:c:p:296-312 is not listed on IDEAS

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