Taiwan, US bond to empower women

LIKE-MINDED PARTNERS: The two nations are partners in a regional bond project to raise funds to help create sustainable livelihoods for women in Southeast Asia

Taipei Times
Date: Dec 15, 2020
By: Lu Yi-hsuan and Jonathan Chin / Staff reporter, with staff writer

Photo: Tu Chien-jung, Taipei Times

Taiwan and the US have teamed up to take part in the Women’s Livelihood Bond 3 (WLB3) initiative — a collaboration that American Institute in Taiwan Director William Christensen yesterday touted as “a testament to the United States’ and Taiwan’s commitment to the shared value of promoting women’s development and prosperity.”

The partnership was announced at a news conference at the Executive Yuan in Taipei, with Minister of Foreign Affairs Joseph Wu (吳釗燮), Executive Yuan Minister Without Portfolio John Deng (鄧振中) and International Cooperation and Development Fund (ICDF) Secretary-General Timothy Hsiang (項恬毅) joining Christensen.

Created by the Singapore-based Impact Investment Exchange (IIX), the Women’s Livelihood Bond Series is a series of debt securities to empower women in Southeast Asia by creating sustainable livelihoods, officials said at the event.

.WLB3 — the third tranche in the US$150 million four-part initiative — would assist 175,000 to 185,000 female entrepreneurs and socioeconomically disadvantaged women in Indonesia, India, Cambodia and the Philippines by financing loans, marketing and production and living expenses, they said.    [FULL  STORY]

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