Rodríguez Ceja advocates for gender equality in finance and economy
Banco de México Governor Victoria Rodríguez Ceja participated in the 'Ring the Bell for Gender Equality' event, emphasizing that gender equality is crucial for economic growth and social welfare. She highlighted the historical progress and persistent challenges in achieving full equity of opportunities.
From legal barriers to growing presence
Governor Rodríguez Ceja highlighted that a century ago, many political and economic rights for women were mere aspirations.
In Mexico, until 1974, an outdated legal framework and societal prejudices constrained women's financial independence; for instance, opening a bank account required a husband's or legal guardian's authorization.
This situation has significantly changed, leading to a growing and successful female presence in politics, business, and finance.
Despite this progress, full equality of opportunities remains distant, representing a substantial cost in terms of economic growth and social welfare.
Persistent gaps and pathways to equity
Despite improved female economic integration, significant challenges persist.
Women remain underrepresented in decision-making roles; for instance, less than 20 percent of board positions in listed Mexican companies are held by women, significantly below the OECD average.
In banking, women comprise 53 percent of staff but only 34 percent in senior management.
To overcome these inequalities, a consolidated legal framework and a new organizational culture are essential to ensure equal opportunities in recruitment, remuneration, and promotion.
Financial institutions should also offer more gender-focused products, and financial education for girls and young women must be strengthened to foster their full contribution to national growth.