Michaelia Cash (WA, Liberal Party, Assistant Minister for Immigration and Border Protection) Share this | Hansard source

Delivering on this commitment will bring more than 100 million additional women into the labour force across G20 economies. It will significantly increase global growth. It will deliver financial independence to millions of women and reduce poverty and inequality. Increasing women's participation can help mitigate the impact of ageing populations and support stronger economic growth and productivity. The OECD estimates a boost to women's participation of this scale would increase the G20's GDP by between 1.2 and 1.6 per cent by 2025, adding more than $1 trillion to the global economy. The actions G20 leaders will take will vary from country to country but could include improving access to education and child care, expanding maternity leave options, fostering female entrepreneurs, improving financial literacy and better access to business finance. I believe that we will all look back on 2014 as a pivotal year in the G20.