Speaking on Bloomberg Television in a conversation with Ceyla Pazarbasioglu, director of strategy and policy at the IMF, Reinhart said the economic fallout from Covid-19 had been “very regressive,” hitting the most vulnerable hardest, including women.
“We are seeing big setbacks on schooling, girls are taken out that will not return,” said Reinhart, speaking on International Women’s Day. She cited a report late last year that found extreme poverty was expected to rise for the first time in more than two decades with a disproportionately high share of women among the world’s new poor.
The pandemic has contributed to an increase in violence against women and is reinforcing gender inequality in many countries, with women on average having roughly three-quarters of the legal rights of men, according to the World Bank.
While laws have improved in some countries, women in many nations still face legal limits on economic opportunities, including restrictions on travel without a male guardian, the lender said.
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