During the UN General Assembly General Debate Dalia Grybauskaitė, President of the Republic of Lithuania and Chair of the Council of Women World Leaders (CWWL), together with Michelle Bachelet Jeria, President of the Republic of Chile, in partnership with Women in Parliaments (WIP), European Institute for Gender Equality (EIGE) and Organisation International de la Francophonie are hosting a High-Level Discussion on the Economic Cost of Violence Against Women.
The presidents of Croatia and Malta, prime minister of Namibia, high ranking representatives of UN Women, World Health Organization, World Bank, OECD, European Commission and the Commonwealth will come together to discuss the economic impact of violence against women and to share good practices, recommendations and initiatives for early prevention.
With one in three women worldwide experiencing abuse and violence, it is a global epidemic which has a price tag: direct payments for health care, justice systems, child and welfare support, as well as indirect costs such as lost wages, productivity and potential. And this is just a part of what societies pay for violence against women.
The estimated cost of violence against women in the European Union alone totals 225 billion euros per year. Global studies indicate that the cost of gender-based violence could amount up to 2 percent of global GDP.
The existing data call for greater economic focus regarding the impact of violence against women on societies in order to ensure our common success in implementing the 2030 Sustainable Development Goals.