Philippines moving towards gender equality but more needed to achieve SDG 5
ADB has said that progress has not been as notable on other areas as well such as on the right to own assets like land, dwelling, livestock, bank accounts, among others.
The Philippines has made improvements in raising awareness of gender equality and promoting women's empowerment. In fact, the country ranks tenth out of 144 countries and remained the highest-ranked Asian country, closing nearly 79 percent of its gender gap based on the Global Gender Gap Report 2017 of the World Economic Forum.
Aside from education, it closed the gender gap in political empowerment despite the country's drop in the wage equality for similar work indicator on the Economic Participation and Opportunity sub-index.
McKinsey & Co. has also conducted a research titled 'The Power of Parity: Advancing Equality in Asia-Pacific' which said that about 53 percent of women in the Philippines finish college education, while 43 percent manage to join the workforce as rookie professionals. Only about 33 percent reach senior management and only 15 percent eventually achieve the feat of being a board member. A cream of only 3 percent of women in the country reaches the level of chief executive officers.
In a project document, ADB has said that progress has not been as notable on other areas as well such as on the right to own assets like land, dwelling, livestock, bank accounts, among others.
Assets can serve as safety nets against unforeseen events such as job loss, illness of family members, natural disasters and other calamities. Furthermore, assets empower their owners to make life-changing decisions.
Goal 5 of the Sustainable Development Goals (SDGs), SDG target 5.a. in particular, aims to undertake reforms to give women equal rights to economic resources, as well as access to ownership and control over land and other forms of property, financial services, inheritance, and natural resources.
(With inputs from ADB)