Women in development (2014), para. 27

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Original document

Paragraph text: 8. Expresses deep concern about the ongoing adverse impacts, particularly on development, of the world financial and economic crisis, recognizing evidence of an uneven and fragile recovery, and cognizant that the global economy, notwithstanding significant efforts that helped contain tail risks, improve financial market conditions and sustain recovery, still remains in a challenging phase, with downside risks, inter alia, for women and girls, including high volatility in global markets, high unemployment, particularly among youth, indebtedness in some countries and widespread fiscal strains that pose challenges for global economic recovery and reflect the need for additional progress towards sustaining and rebalancing global demand, and stresses the need for continuing efforts to address systemic fragilities and imbalances and to reform and strengthen the international financial system while implementing the reforms agreed to date, and to address the challenges posed by climate change for women and girls, and in respect of maintaining adequate levels of funding for the achievement of gender equality and the empowerment of women;

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Person(s) affected