IMF chief: Equal pay for men and women boosts growth

Markets Associated Press

The chief of the International Monetary Fund is calling on governments and businesses to do more to promote the same business and economic opportunities for men and women and to fight discrimination that interferes with those goals.

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The fund's managing director, Christine Lagarde, tells a Washington conference that ensuring equal pay and economic opportunities for men and women boosts growth, promotes diversity and reduces economic inequality around the world. Lagarde says: "It's an economic no-brainer."

Equal pay has been a hot issue in the U.S. presidential campaign. Both Hillary Clinton and Donald Trump have pledged to fight for better pay and work conditions for women. Trump's critics, however, have questioned his resolve, pointing to some of his derogatory comments about women.