The Inter-American Development Bank (IDB) announced this Monday that it will support Mexico in the development of a national care policy and system to close gender gaps in care tasks, promote labor participation and stimulate the country’s economic development.
The IDB highlighted in a statement that it is a strategic partner with this project, in collaboration with the Women’s Secretariat, the Mexican Institute of Social Security (IMSS), the National System for the Comprehensive Development of the Family (SNDIF) and the Global Alliance for Care.
“For the IDB, it is a priority to address care in a holistic manner because it constitutes an increasingly relevant challenge to promote economic development and reduce inequality, especially gender inequality,” said Ilan Goldfajn, president of the IDB.
The official participated in the event ‘The moment of care: boosting growth and reducing inequality in Mexico and the region’, held in Mexico City.
“We are committed to supporting the Government of Mexico to create an articulated system that meets the needs of both people who require care and caregivers,” he added.
The project will focus on three strategic axes: the design of the National Care System, the expansion of services for caregivers and dependents, and the institutional strengthening of the Women’s Secretariat.
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In this sense, the creation of training and certification programs for caregivers of the elderly is planned.
The IDB highlighted the importance of a systemic approach to care policies, as detailed in its new publication ‘Expanding Opportunities: Gender Equality and Inclusion Policies’, which highlights that women spend an average of 71% of the hours of unpaid care in the region.
The international organization recalled that in Mexico unpaid care work represented 26.3% of GDP in 2021.
Likewise, he stressed that investment in care systems of between 1% and 3% of GDP would not only reduce inequalities, but would boost sustainable economic growth.
With information from EFE
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