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Source-This post is based on the article “India sets up alliance for Global Good-Gender Equity and Equality” published in “The Economic Times” on 19th January 2024.
Why in the News?
Alliance for Global Good-Gender Equity and Equality, India has recently launched the ‘Alliance for Global Good- Gender Equity and Equality’ at the 2024 World Economic Forum (WEF) in Davos.
What is the Alliance for Global Good- Gender Equity and Equality?
| Aspect | Details |
| Aim | The alliance strives to promote global development led by women. |
| Stakeholders | 1. Supported by– The Bill and Melinda Gates Foundation 2. Housed and anchored by-The CII Centre for Women Leadership 3. Network Partner– The World Economic Forum 4. Institutional Partner– Invest India |
| Features | 1. The alliance emphasizes adopting global best practices, sharing knowledge, and making investments in women’s health, education, and enterprises. 2. The concept for this alliance originated from the G20 Leaders’ Declaration, emphasizing India’s commitment to women-led development. |
| Significance | It strengthens India’s dedication to global cooperation and aligns with the overarching WEF theme, ‘Rebuilding Trust‘. |
Note- The launch was accompanied by the introduction of a women’s leadership lounge (We Lead Lounge) at WEF, which hosted discussions and showcased products from women entrepreneurs.
What is the World Economic Forum (WEF)?
1) It is a Swiss-based international organization that holds an annual meeting in Davos, Switzerland.
2) It was established by Klaus Schwab in 1971 as a not-for-profit foundation. It was initially named as European Management Forum. Later, it changed its name to the World Economic Forum in 1987.
3) Aim: The forum aims to improve the state of the world by fostering dialogue and cooperation between different stakeholders.
4) Headquarters: Geneva, Switzerland.
5) Important Reports:
a) Global Competitiveness Report
b) Global Gender Gap Report
c) Global Risks Report and
d) Global Travel and Tourism Report
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