European Bank for Reconstruction and Development (EBRD) knows that gender equality is central to countries’ transition towards becoming well-functioning, sustainable market economies. With this in mind, the Bank seeks to increase women’s economic empowerment and equality of opportunities in its countries of operation.
One of the Bank's focuses is equal pay. September 18 marks International Equal Pay Day, representing the longstanding effort towards the achievement of equal pay for work of equal value. Marking the occasion, EBRD shared key facts and statistics around the gender pay gap, and spotlighted thought leadership from EBRD Director of Gender & Economic Inclusion, Barbara Rambousek.
Closing the gender pay gap
Highlighting the ongoing issue of the gender pay gap, EBRD shared how, across all regions of the world, women are paid less than men, with the gender pay gap estimated at around 20% globally.
As part of the effort to address these global inequalities, International Equal Pay Day focuses on pay transparency measures as an effective tool for identifying existing gender pay differences, closing the gender pay gap, and reducing broader gender inequalities in the labor market.
Promoting women in the workforce
Barbara Rambousek explained how EBRD supports clients across all its regions to close the gender pay gap and promote women in their workforces.
"At the EBRD, we proactively work with our clients and policy partners to promote gender equality and to open up access to equal opportunities for women," said Barbara. "We do this by tackling some of the underlying causes of the gender pay gap, and that is equal pay for equal work, but also by supporting women into the types of jobs that tend to be better remunerated. We want to make sure that women can access the jobs of the future in digital technologies, in the green sector, but also in areas that are emerging, particularly related to science, technology, engineering and mathematics. We work very proactively with our clients across all of our sectors and all of our regions to open up opportunities for women."
Working with partners and clients under the leadership of women like Barbara, EBRD is continuously expanding its activities to promote gender equality, covering new areas such as the care economy and ensuring it tackles all forms of gender-based violence and harassment.
Work for a bank that firmly drives equality
The EBRD looks to recruit people passionate about the Bank's values and work. From banker to analyst, economist to IT specialist, there are a number of opportunities to support the EBRD in its operations.
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Disclosure: Where Women Work researches and publishes insightful evidence about how its paid member organizations support women's equality.