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Ministry of Finance
of the Republic of Latvia
1 Smilsu st., Riga
LV-1919, Latvia

P.: +371-67095405
F.: +371-67095503
E-mail: pasts@fm.gov.lv
info@fm.gov.lv

Latvia has shown an excellent achievement in ensuring equal opportunities for women in the labour market 28/02/2019

On Wednesday, February 27, the World Bank published the study, analysing the law of 187 countries of the world in the field of gender equality. Latvia ranks among the six economies of the world, getting the maximum score in the index regarding ensuring equal economic opportunities for women.

The Minister for Finance Jānis Reirs emphasises: "Latvia has a lot to be proud of. Our children are growing in society, where everyone, irrespective of gender, has equal opportunities to go places, start a job and get paid, get married and have children, as well as run a business, manage assets and get a pension. This is one of the key tasks for a growth-oriented economy, as well as the key prerequisite for a wealthy and successful society."

The index published in the study Women, Business and the Law 2019: A Decade of Reform examines the most significant milestones in the women's career, from the beginning of their working life up to retirement, as well as the legal protection at every point of their careers. Data cover the period of ten years, during which 187 countries have been examined, by employing eight indicators.

On a global scale, the reforms taking place over the past decade have improved the economic inclusion of women, though the gap is still present. The results of the study indicate that the world still provides women with only three fourths of the rights provided for in the legal regulation, as compared to men.

Latvia, along with Belgium, Denmark, France, Luxemburg and Sweden, got the highest possible score This means that the laws of the country give women and men equal legal rights in the measured areas. A decade ago none of the countries could score so high.

The World Bank specifies that achieving gender equality is a long-term process, requiring sustained political will and joint efforts from the government, civil society and international organisations. Thus, a significant role is played by legal reforms, as the first step on the way.

The study is available on the website of the World Bank.

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Latvijas Republikas Finanšu Ministrija