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DAILY NEWS ANALYSIS

  • 01 February, 2024

  • 4 Min Read

Alliance for Global Good- Gender Equity & Equality-WEF

Launch of “Alliance for Global Good- Gender Equity and Equality” by India at World Economic Forum, Annual Meeting Davos, 15-19 January, 2024
Shri Narendra Modi’s “Women-led Development” agenda resonates globally at the WEF 2024, with committed support from WEF and over 10,000 businesses worldwide
WEF hails India’s inclusive and remarkable growth story under the visionary leadership of Prime Minister Shri Narendra Modi and compliments the Indian government for its philosophy of “Sabka Saath, Sabka Vikas”

Key Highlights?

  1. The alliance is a response to the G20 Summit 2023 Leaders' Declaration and India's commitment to women-led development. It seeks to build on the initiatives of the Engagement Group and frameworks like Business 20, Women 20, and G20 EMPOWER.
  2. The G20 Alliance for the Empowerment and Progression of Women's Economic Representation (G20 EMPOWER) is an initiative that aims to increase women's leadership and empowerment in the private sector.
  3. The primary objective of this new Alliance is to bring together global best practices, knowledge sharing and investments in the identified areas of women’s health, education, and enterprise.
  4. Supported by the Bill and Melinda Gates Foundation, the alliance will be housed and anchored by the Confederation of Indian Industry (CII) Centre for Women Leadership.CII is a non-government, not-for-profit, industry-led and industry-managed organisation that works to create and sustain an environment conducive to the development of India.
  5. The WEF has come on board as a ‘Network Partner’ and Invest India as an ‘Institutional Partner’.Invest India is a national Investment Promotion & Facilitation Agency. It was set up in 2009 as a non-profit venture under the Department for Promotion of Industry and Internal Trade. Ministry of Commerce and Industry.
  6. The alliance aims to champion women-led development, leveraging India’s spectacular inclusive growth story and its philosophy of “Sabka Saath, Sabka Vikas and Sabka Prayas” (Together with all, Development for all and Effort for all).

World Economic Forum (WEF)

  • It is an international organization headquartered in Geneva, Switzerland, that brings together individuals and political and business leaders each year to discuss significant issues that impact the global economy.
  • These include, but are not limited to political, economic, social, and environmental concerns.
  • The WEF is best known for its annual WEF Meeting at Davos, the Swiss ski resort.
    • The event regularly draws business and political leaders from around the world for a series of discussions about global issues.
  • The WEF has no independent decision-making power but seeks to influence people to make decisions that benefit the global community.
  • WEF meetings introduce new issues, trends, and organizations to members and the public for discussion and are commonly believed to influence corporate and public sector decision-making.
  • The organization is funded through its membership, which includes many prominent business and political figures.

https://pib.gov.in/PressReleaseIframePage.aspx?PRID=2009981

https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1997896

Source: pib


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