YEREVAN, January 16. /ARKA/. Armenia placed 69th among 190 countries on the Women Business and the Law (WBL) 2020 index to measure economic empowerment of women, released by World Bank on January 14, 2020.
Armenia scored 82.5, while global average was 75.2, a slight increase from 73.9 in the previous index released in 2017.
The study looks into “how laws affect women at different stages in their working lives and focusing on those laws applicable in the main business city”. The Index is based on the countries’ formal laws and regulations that have a bearing on women’s economic participation, covering eight areas (eg, parenthood, equality of pay).
“Legal rights for women are both the right thing to do and good from an economic perspective. When women can move more freely, work outside the home and manage assets, they are more likely to join the workforce and help strengthen their country’s economies,” World Bank Group President David Malpass said in Washington, DC.
Armenia scored the maximum 100 points in such categories as “freedom of movement”, “marriage”, “disposition of property” and “pension provision.” Armenia also scored high points in such categories as “doing business” and “remuneration.” In the “parenthood” category it scored 60 points, and in the “employment” category 50 points.
The World Bank notes that Armenia had enforced a legislation designed to protect women from domestic violence.
Of former Soviet republics Armenia is outscored by Latvia (6th place), Estonia (9), Lithuania (29), Georgia (55) and Moldova (61). Armenia is ahead of Azerbaijan (92 place), Tajikistan (95), Ukraine (96), Kyrgyzstan (103), Belarus (107), Russia (122), Kazakhstan (124) and Uzbekistan (139).
The leaders of the rating with the maximum 100 points were Belgium, Canada, Denmark, France, Iceland, Latvia, Luxembourg and Sweden. The five outsiders of the study included the West Bank and the Gaza Strip, Yemen, Sudan, Iraq and Qatar.