of countries most vulnerable to the climate crisis are at or nearing significant debt distress. [Source: ActionAid]

90 of 107

IMF loans for COVID-19 economic recovery from 2020 to 2021 stipulated austerity measures as a condition for financing.

1.4 Trillion

spent by G20 countries on fossil fuel subsidies in 2022—outstripping ODA spend in 2022 by nearly sevenfold. [Source: Energy Policy Tracker]


The structures of capitalism, patriarchy, white supremacy, militarism, and colonialism underpin a global economic system that privileges “free” markets and exponential “growth,” and values private profit above people and the planet. An economy powered by fossil fuel extraction is directly responsible for the climate crisis, as well as for escalating social injustices and oppression, especially of women, girls, and gender-diverse people.

The dominant approach of neoliberalism—characterized by deregulation, privatization, and a withdrawal of the state from areas of social provision—has underpinned inequitable dynamics of the global economy since the 1980s. These practices continue a legacy of colonial injustices, through which countries of the Global North extract resources, labor, and revenue from countries of the Global South, which lose more money through debt servicing, illicit financial flows, and tax evasion than they receive in aid and climate finance. Such widespread revenue losses, as well as austerity measures imposed by international financial institutions, have caused governments to resort to cutting social services and to increasing consumption taxes that particularly burden low-income earners and women-led households.


Women and gender-diverse people face disproportionate consequences of neoliberalism. Due to their traditional societal roles, lower earnings, prevalence in informal employment, limited access to resources like land and social security, and involvement in subsistence agriculture, women are more likely to experience impoverishment. Furthermore, activities such as care work, community work, voluntary work, subsistence farming, food production for the family, maintaining seeds, and looking after land – which are often carried out by women, girls, and gender-diverse people – are considered “non-economic activities’’ by traditional economics. 


A systemic and structural transformation of our global economic systems finance flows is urgently required to radically transform our approach to economic growth, our systems of production and consumption, and the rules that govern our macroeconomic and multilateral systems.

For more than five decades, feminist economists have developed and presented analysis on unequal power relations, as well as the contribution of care work to our economies and societies —which mainstream and traditional economics often disregard or ignore. Our blueprint for feminist and economic justice aims to encapsulate a broad economic justice agenda towards an equitable, peaceful and healthy planet for all. It outlines paths to achieve structural transformation of international financial and trade architectures, to simultaneously eradicate poverty and guarantee ecological sustainability.

Building on the blueprint, our 2024 feminist analysis of critical trends towards feminist economic and climate justice highlights the significant gap between the contemporary global order and the vision put forward by the Feminist Action Nexus and our allies. To begin to determine how far away we are from this vision—and therefore how to begin to achieve it—this report assesses progress and challenges in seven key areas, corresponding to our key demands.

Spotlight: feminist climate finance

Within this vision, “feminist climate finance”  encompasses the multifaceted ways that climate finance will ultimately need to be transformed to align with our feminist values and fund feminist solutions. It is concerned with both how much money is flowing from the Global North to the Global South, as well as the quality and distribution of this finance.

Climate finance delivered within our current global architecture – one based on debt and austerity – will not allow us to meet the Paris Agreement goals. Despite the obligation to provide climate finance and the context of an escalating debt crisis in the Global South, much of climate finance is delivered as loans. Thus, climate finance pledges must go hand in hand with structural change, aligning finance flows with demands for feminist economic justice that moves from a system centered on extraction and unlimited growth to one centered on care and social protection. Learn more about feminist climate finance here.


  • Transformation of the global and national economic systems to enable a just and equitable transition away from a fossil fuel economy and towards feminist and decolonial visions for care for people and planet.
  • Redistribution of wealth and resources through a progressive and equitable global tax system, to enable governments to mobilize domestic resources and invest in public service provision and climate action. 
  • Ending the sovereign debt crisis and promoting debt justice – including by redirecting public resources from servicing predatory, illegitimate, and colonial loans towards climate action and gender-responsive public services to reduce and redistribute unpaid care work and fulfill the human rights of all. 
  • Democratizing the global economic and financial architecture to promote global solidarity and collective ambition to address global crises.
  • Restructuring of the global trade system to enable local and small producers to thrive.
  • Ending corporate capture of multilateral spaces and restoring decision-making over global public goods and services to the people.
  • Ensuring all climate finance is gender-just, to implement feminist solutions to the climate crisis that prioritize immediate emissions cuts; a just and equitable transition and decent work for all; ecosystem-based approaches; and redressing loss and damage.
  • A halt to land grabs: Conversion of land for large-scale and/or industrial agriculture, biofuels, or other development highly impacts women, while also advancing biodiversity loss and climate change.
  • Countries to mainstream gender into their conservation agendas, National Biodiversity Strategies and Action Plans (NBSAPS), and implementation efforts.

join the movement

Women and girls around the world are demanding and creating systemic change and a sustainable future for all. We need collective power to attain a just future – we need you.