Female Labor Force Participation: A New Engine of Growth for Sri Lanka?

From the IMF’s latest report on Sri Lanka:

“Sri Lanka has been a trendsetter in the region in advancing gender parity in education and health. Yet, this has not been reflected in more active female labor force participation (FLFP), which is low compared to its emerging market peers and even some low-income developing countries in the region. Closing this gap is especially important as Sri Lanka faces an aging population with a labor force that could start shrinking as early as 2026. Given the potential for significant economic gains from integrating the female labor force into the labor market, the authorities’ Vision 2025 identifies policies to bridge this gap. Specifically, the Sri Lankan authorities aim to provide child care facilities, improve access to transportation, facilitate part-time and flexible work arrangements, improve maternity benefits for private sector employees, and increase access to tertiary education and vocational training. While these measures are steps in the right direction, Sri Lanka may also benefit from a more systematic approach through implementing gender responsive budgeting.”


Posted by at 1:49 PM

Labels: Inclusive Growth


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