What happens when women run the economy? We're about to find out

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Over the past half-century, 57 women have been president or prime minister of their countries, but institutions that make economic decisions have largely been controlled by men until recently.

Overall, there are women running finance ministries in 16 countries, and 14 of the world's central banks, according to an annual report prepared by OMFIF, a think tank for central banking and economic policy.

"When women are involved, the evidence is very clear: communities are better, economies are better, the world is better," Georgieva said in January, citing research compiled by the IMF and other institutions. A study by the American Psychological Association showed that US states with female governors had fewer COVID-19 deaths than those led by men, and Harvard Business Review reported that women got significantly better ratings in 360-degree assessments of 60,000 leaders between March and June 2020.

Eric LeCompte, a United Nations adviser and executive director of a non-profit that advocates for debt relief, said he noticed a clear difference during a meeting with Yellen and the leaders of Christian and Jewish faith groups last month.

 

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