In this issue of the South Asia Bulletin, contributors analyze the efforts South Asian countries have made to bring their citizens back from conflict-ridden Sudan. Other national, and transnational issues have been discussed, including Sri Lanka and Nepal’s economic crises, increased terror attacks in Pakistan, and the first Apple store in India. Read the South Asia Bulletin for more.
Most South Asian countries suffer from political and economic distress. But India and China increase their global footprint. Read the South Asia Bulletin for more.
In this issue of the South Asia Bulletin, contributors analyze the political, economic, and geostrategic issues in the region and the South Asian response to the Russian Invasion of Ukraine.
The World Economic Forum (WEF) annually releases the Global Gender Gap Report. WEF, with this report, helps the world leaders to understand better how their governments fare in terms of minimizing existing gender gaps. It published the first report in 2006 using indicators across four subindexes: Economic Participation and Opportunity, Education Attainment, Health and Survival, and Political Empowerment. In 2021, the report highlighted that it would take 135.6 years to close the existing global gender gap. With some improvements, the 2022 report was revised to 132 years. In this blog, I will try to answer questions like: Where does South Asia stand in terms of gender parity? Have we seen growth in our region, or rather, decline?
To begin with, the WEF defines the gender gap as “the difference between women and men as reflected in social, political, intellectual, cultural, or economic attainments and attitudes”. The subindexes receive scores from 0 (which indicates perfect gender imparity) to 1 (which indicates perfect gender parity).
South Asia remains one of the poor performers in the analysis. In 2021, the region ranked second last among the eight regions considered for the analysis, with a parity score of 62.3 percent. The region’s performance further slided in 2022 and ranked the lowest. has become the lowest performer with the same parity score. South Asia, in the Economic Participation and Opportunity subindex, has improved the region’s score from 33.8 percent in 2021 to 35.7 percent in 2022. Still, this is the lowest performance out of all the regions. North America is leading the progress with a parity of 77.4 percent. Afghanistan, one of the major ranked countries from South Asia, has been ranked in the last position (of the total 146 ranked countries) with a score of just 0.176. China, another key rising global economy, on the other hand, ranks in the 37th position (score 0.741).
In 2022, South Asia ranks in the second last position under the Educational Attainment subindex with the score from 93.3 percent in 2021 to 93.2 percent in 2022. Under this subindex as well, Afghanistan ranks in the last position further sliding in overall score from 0.514 in 2021 to 0.482 in 2022. China, on the other hand, has here managed to rank in 120th position (score 0.936), thus ranking above Bangladesh, Nepal, and Pakistan.
Likewise, South Asia in the Health and Survival subindex has a parity of 94.2 percent for both the years. The score is still the lowest possible regional score. Under this subindex, India ranks in the last position (among all the ranked countries) with a score of 0.937. However, in 2021, India was just a step ahead of China (ranked last with a score of 0.935).
Finally, under the Political Empowerment subindex, parity score for South Asia has declined from 28.1 percent in 2021 to 26.2 percent in 2022. Despite this decline, the region still remains the fourth best performer in this subindex. Here, China ranks in 120th position (score 0.113), just ahead of Bhutan (score 0.093). Bhutan, as of 2022, remains the lowest performer for this subindex in the region while India is the best performer.
South Asia, overall, has a parity score of 62.3 percent in 2022, which is 5.8 percent less than the global average of 68.1 percent. The parity score of the region was the same in 2021, against the global average score of 67.7 percent. The 2022 Report has highlighted that South Asia requires 197 years to close the gender gap in the region, far more years than that of global average. Hence, being the worst performing region in the world, it is high time that the governments in the region take national and well-coordinated regional approaches to minimize staggering gender-based gaps.
Domestic Updates
The Maldives is at a high risk of dollar reserve depletion by 2023. The primary causes are Covid-19’s impact on the tourism industry, soaring global fuel prices, and rising borrowing costs. Maldives has USD 829 million in reserve. However, the national debt, at USD 5.9 billion in 2021, has ballooned to USD 6.4 billion in the first quarter of 2022.
Minister of Finance, Ibrahim Ameer, assured that the Maldivian finance is in better shape now than in the last three years. The economy is growing with the arrival of tourists. The Maldives is expected to grow at 13-18 percent in 2022.
Regional Engagement
Maldives and India conducted the second joint hydrographic survey of Maldives, covering 6500 nautical miles. The survey is critical for the Maldives to update the Navigational Charts/Electronic Navigational Charts for ship safety in several areas of Maldives and enhance Blue Economy. The first phase of the survey started in 2021. Some of those areas were not surveyed since 1853.
The joint survey resulted from India’s policy of supporting the Maldives to set up Hydrographic facilities. India provided the Maldives with hydrographic survey equipment in 2021 and 2022. The joint survey will enable economic development, defence, security, coastal zone management, environmental protection, and scientific research.
Global Engagement
President Ibrahim Mohamed Solih sought approval from the parliament to join the International Islamic Trade Finance Corporation (ITFC). Maldives is not a member of ITFC. Yet, ITFC has provided financial assistance to the Maldives since 2005. ITFC aims to advance trade among members of the Organization of Islamic Cooperation (OIC). The Russian invasion of Ukraine has adversely impacted Maldivian tourism. The two countries jointly accounted for 14 percent of tourist arrivals between January to March of the current year. Despite this, Maldives condemned the Russian invasion of Ukraine at the United Nations General Assembly (UNGA) vote. Furthermore, the Maldives has reiterated its firm belief in principles of respect for sovereign states and sovereign equality. Yet, Maldives has taken a cautious approach to enforcing the sanctions imposed by the West in the aftermath of Russian aggression in Ukraine.
