View from Santo Domingo, Dominican Republic / World Bank
Published in digital portal
In the past, a company in the Dominican Republic facing financial difficulties, such as falling behind on tax payments and having outstanding debts with suppliers and cashflow problems, usually faced bankruptcy, with low rates of recovery.
As an international organization tasked with the resolution of investment disputes—diversity is, in fundamental respects, embedded in ICSID's DNA. (ICSID) has 154-member states, encompassing the majority of the world's countries. ICSID cases involve investors and states from every region in the world and concern all economic sectors—from poultry farms in Turkmenistan to pharmaceuticals in Canada.
It is therefore imperative that the people who argue, decide and administer cases reflect this global makeup. And measurable progress is being made towards greater diversity and inclusiveness, thanks to the concerted efforts of the ICSID Secretariat, government officials and legal professionals operating in the field of international investment dispute settlement.
Living and working in Romania, I find inspiration every day in the people I meet - especially in local women entrepreneurs. During every conversation I have with them, I discover the power of women who have overcome challenges with a strong determination and a belief in their own success.
Last week, we launched the , which found that despite the considerable progress that many countries have made in improving women’s legal rights over the last decade, women are still only accorded 75 percent of the legal rights that men, on average, are given. As a result, they are less able to get jobs, start businesses and make economic decisions, with economic consequences that reverberate beyond their families and communities.
This is a particularly timely piece of research because as we mark , it’s another reminder of the work we have ahead of us: With the in full swing and work underway with more than 50 countries on improving people-based investments, putting gender equality at the top of the agenda will be critical to crafting better policy.
A common theme of our work on conservation projects has been the lack of networks for women to share their ideas and learn from others doing the same work.
This is where the idea was born to create an all-women’s network to support and empower women in nature conservation. It is called WiNN: , and was founded that same year by the two of us and 12 other women.
It serves as a platform for women to interact and learn by sharing experiences and stories relevant to other women in order to enhance conservation impacts and also inspire the next generation of conservation leaders.