World Bank Raises $165 Million in Bonds for Women-Owned Businesses in Africa
The World Bank on Wednesday said its private sector arm issued about $165 million in 'women's bonds' in the first such sale by the development lender specifically aimed at raising money for businesses owned or run by women in emerging markets. Bonds tied to social or environmental targets are part of a new trend in social finance and follows a green sale of bonds to help cut greenhouse gases in developing countries.
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