BUSINESS

IMF Chief: Closing The Gender Gap Makes Economic Sense

02/23/2015 04:21 pm ET | Updated Feb 23, 2015

The International Monetary Fund on Monday released a new report on women in the workplace, which suggested that closing the gender equality gap and leveling the employment playing field would benefit not just women, but the global economy as a whole.

Christine Lagarde, the first-ever woman to serve as managing director of the IMF, joined Huffington Post Editor-In-Chief Arianna Huffington on HuffPost Live Monday to discuss how gender equality is an economic principle, not just a concept of female empowerment.

So why is it so hard for companies and governments to promote gender equality?

"It's change in process, and change is always painful," Lagarde said. "It's much more comfortable to stay within your comfort zone, to do things the way they were done."

Lagarde said we need to "accept that innovation can actually be profitable as a whole."

To hear more about the new report, watch the full HuffPost Live clip in the video above.

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