The International Cricket Council is working towards prize money parity in the men's and women's world tournaments, according to the world body's CEO Geoff Allardice.
Allardice has told ESPN that this would be part of the ICC's discussions for the next eight-year cycle of women's events from 2024 to 2031.
The winners of the ongoing Women's ODI World Cup would be awarded a prize money of $1.32 million, which is only a third of what the men's World Cup winners get. England, the winners of the 2019 men's tournament, won $4 million.
The prize pool for women's World Cup events have been increasing manifold with every tournament. The total prize money in 2013 was just $200,000, which was then increased tenfold to $2million for the 2017 edition.
England, the 2017 winners, got a sum of $660,000 after beating India by nine runs. That figure has doubled coming into the 2022 event, whereas the total prize pool has increased by 75 per cent to $3.5 million.
"One of the things that we did at the start of the cycle was we projected through this event cycle, and what we've been trying to do over this cycle is bridge the gap between the women's prize money and the men's prize money," Allardice told ESPN.
"We are about to start discussions around the next cycle and one of the starting points for that discussion is going to be trying to get parity for the finishing positions of teams in women's events and comparable men's events. So we're not there yet, but we're on the journey to getting towards prize money parity."
Australia take on the West Indies in the first semifinal Wednesday morning, while South Africa will play England in the second semifinal on Thursday.
