The Russia–Ukraine war has sent shockwaves across the globe, but its impact is not evenly distributed. In Africa, women are disproportionately bearing the brunt of this economic fallout.

This report examines the gender-differentiated economic impacts of the conflict on African economies and potential macroeconomic policy solutions to mitigate them. Specifically, it analyses the gendered dimensions of monetary policy, inward investment promotion and debt restructuring, offering policy recommendations for each.

The report finds that economic shocks have varying impacts on women depending on their economic, migration, health and household status. For instance, rising prices for essential goods have disproportionately affected women, who often face unequal access to resources and finance, coupled with greater care responsibilities.

The report argues that conventional macroeconomic policy responses have been inadequate in addressing these gendered impacts. It proposes that central banks dedicate more resources to understanding these disparities and implement targeted complementary measures. Furthermore, it suggests that promoting diversified inward foreign direct investment (FDI) and debt restructuring can help mitigate the negative impacts of economic shocks on women.

Report by the Overseas Development Institute