Financial Innovation to Support Women-Led Businesses: Mexico’s First Gender Bond and the Role of National Development Banks

Financial Innovation to Support Women-Led Businesses: Mexico’s First Gender Bond and the Role of National Development Banks

Gender bonds are social bonds with a gender focus, representing a promising financing vehicle for institutions committed to addressing and reducing gender inequality by improving womens access to financing, leadership positions, and equality in labor markets. This document summarizes the main characteristics of Mexicos first gender bond, issued by the Trust Funds for Rural Development (Fideicomisos Instituidos en Relación a la Agricultura, or FIRA) with the aim of expanding the resources available to finance projects led by women in rural areas. This bond also represented the first to be issued by a national development bank (NDB) in Latin America and the Caribbean (LAC). This document thus also highlights the potential of this financing instrument and the opportunities it offers to NDBs to mobilize private sector resources to expand the financing frontier for women while fostering best practices to serve them. This potential is particularly relevant considering that women entrepreneurs in LAC remain underserved by financial institutions and gender gaps prevail in access to finance and financial inclusion.

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Bibliographic Details
Main Author: Inter-American Development Bank
Other Authors: Gabriela Andrade
Language:English
Published: Inter-American Development Bank
Subjects:Gender Equality, Fintech, Small Business Financing, Gender, Access to Finance, Financial Inclusion, Financial Service, Development Bank, Women Entrepreneurs, Social Bond, Financial Bond, Z00 - Other Special Topics: General: General, G20 - Financial Institutions and Services: General, G10 - General Financial Markets: General, G50 - General, financial markets;financial inclusion;gender equality;financial mechanisms;use of proceeds;capital market development;social bond;gender bond;women entrepreneurs;access tofinance;bonds;impactinvestors;national development banks,
Online Access:http://dx.doi.org/10.18235/0002810
https://publications.iadb.org/en/financial-innovation-support-women-led-businesses-mexicos-first-gender-bond-and-role-national
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spelling dig-bid-node-292882020-11-09T22:05:01ZFinancial Innovation to Support Women-Led Businesses: Mexico’s First Gender Bond and the Role of National Development Banks 2020-11-02T00:00:00+0000 http://dx.doi.org/10.18235/0002810 https://publications.iadb.org/en/financial-innovation-support-women-led-businesses-mexicos-first-gender-bond-and-role-national Inter-American Development Bank Gender Equality Fintech Small Business Financing Gender Access to Finance Financial Inclusion Financial Service Development Bank Women Entrepreneurs Social Bond Financial Bond Z00 - Other Special Topics: General: General G20 - Financial Institutions and Services: General G10 - General Financial Markets: General G50 - General financial markets;financial inclusion;gender equality;financial mechanisms;use of proceeds;capital market development;social bond;gender bond;women entrepreneurs;access tofinance;bonds;impactinvestors;national development banks Gender bonds are social bonds with a gender focus, representing a promising financing vehicle for institutions committed to addressing and reducing gender inequality by improving womens access to financing, leadership positions, and equality in labor markets. This document summarizes the main characteristics of Mexicos first gender bond, issued by the Trust Funds for Rural Development (Fideicomisos Instituidos en Relación a la Agricultura, or FIRA) with the aim of expanding the resources available to finance projects led by women in rural areas. This bond also represented the first to be issued by a national development bank (NDB) in Latin America and the Caribbean (LAC). This document thus also highlights the potential of this financing instrument and the opportunities it offers to NDBs to mobilize private sector resources to expand the financing frontier for women while fostering best practices to serve them. This potential is particularly relevant considering that women entrepreneurs in LAC remain underserved by financial institutions and gender gaps prevail in access to finance and financial inclusion. Inter-American Development Bank Gabriela Andrade Gerald Prado application/pdf IDB Publications Mexico en
institution BID
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country Estados Unidos
countrycode US
component Bibliográfico
access En linea
databasecode dig-bid
tag biblioteca
region America del Norte
libraryname Biblioteca Felipe Herrera del BID
language English
topic Gender Equality
Fintech
Small Business Financing
Gender
Access to Finance
Financial Inclusion
Financial Service
Development Bank
Women Entrepreneurs
Social Bond
Financial Bond
Z00 - Other Special Topics: General: General
G20 - Financial Institutions and Services: General
G10 - General Financial Markets: General
G50 - General
financial markets;financial inclusion;gender equality;financial mechanisms;use of proceeds;capital market development;social bond;gender bond;women entrepreneurs;access tofinance;bonds;impactinvestors;national development banks
Gender Equality
Fintech
Small Business Financing
Gender
Access to Finance
Financial Inclusion
Financial Service
Development Bank
Women Entrepreneurs
Social Bond
Financial Bond
Z00 - Other Special Topics: General: General
G20 - Financial Institutions and Services: General
G10 - General Financial Markets: General
G50 - General
financial markets;financial inclusion;gender equality;financial mechanisms;use of proceeds;capital market development;social bond;gender bond;women entrepreneurs;access tofinance;bonds;impactinvestors;national development banks
spellingShingle Gender Equality
Fintech
Small Business Financing
Gender
Access to Finance
Financial Inclusion
Financial Service
Development Bank
Women Entrepreneurs
Social Bond
Financial Bond
Z00 - Other Special Topics: General: General
G20 - Financial Institutions and Services: General
G10 - General Financial Markets: General
G50 - General
financial markets;financial inclusion;gender equality;financial mechanisms;use of proceeds;capital market development;social bond;gender bond;women entrepreneurs;access tofinance;bonds;impactinvestors;national development banks
Gender Equality
Fintech
Small Business Financing
Gender
Access to Finance
Financial Inclusion
Financial Service
Development Bank
Women Entrepreneurs
Social Bond
Financial Bond
Z00 - Other Special Topics: General: General
G20 - Financial Institutions and Services: General
G10 - General Financial Markets: General
G50 - General
financial markets;financial inclusion;gender equality;financial mechanisms;use of proceeds;capital market development;social bond;gender bond;women entrepreneurs;access tofinance;bonds;impactinvestors;national development banks
Inter-American Development Bank
Financial Innovation to Support Women-Led Businesses: Mexico’s First Gender Bond and the Role of National Development Banks
description Gender bonds are social bonds with a gender focus, representing a promising financing vehicle for institutions committed to addressing and reducing gender inequality by improving womens access to financing, leadership positions, and equality in labor markets. This document summarizes the main characteristics of Mexicos first gender bond, issued by the Trust Funds for Rural Development (Fideicomisos Instituidos en Relación a la Agricultura, or FIRA) with the aim of expanding the resources available to finance projects led by women in rural areas. This bond also represented the first to be issued by a national development bank (NDB) in Latin America and the Caribbean (LAC). This document thus also highlights the potential of this financing instrument and the opportunities it offers to NDBs to mobilize private sector resources to expand the financing frontier for women while fostering best practices to serve them. This potential is particularly relevant considering that women entrepreneurs in LAC remain underserved by financial institutions and gender gaps prevail in access to finance and financial inclusion.
author2 Gabriela Andrade
author_facet Gabriela Andrade
Inter-American Development Bank
topic_facet Gender Equality
Fintech
Small Business Financing
Gender
Access to Finance
Financial Inclusion
Financial Service
Development Bank
Women Entrepreneurs
Social Bond
Financial Bond
Z00 - Other Special Topics: General: General
G20 - Financial Institutions and Services: General
G10 - General Financial Markets: General
G50 - General
financial markets;financial inclusion;gender equality;financial mechanisms;use of proceeds;capital market development;social bond;gender bond;women entrepreneurs;access tofinance;bonds;impactinvestors;national development banks
author Inter-American Development Bank
author_sort Inter-American Development Bank
title Financial Innovation to Support Women-Led Businesses: Mexico’s First Gender Bond and the Role of National Development Banks
title_short Financial Innovation to Support Women-Led Businesses: Mexico’s First Gender Bond and the Role of National Development Banks
title_full Financial Innovation to Support Women-Led Businesses: Mexico’s First Gender Bond and the Role of National Development Banks
title_fullStr Financial Innovation to Support Women-Led Businesses: Mexico’s First Gender Bond and the Role of National Development Banks
title_full_unstemmed Financial Innovation to Support Women-Led Businesses: Mexico’s First Gender Bond and the Role of National Development Banks
title_sort financial innovation to support women-led businesses: mexico’s first gender bond and the role of national development banks
publisher Inter-American Development Bank
url http://dx.doi.org/10.18235/0002810
https://publications.iadb.org/en/financial-innovation-support-women-led-businesses-mexicos-first-gender-bond-and-role-national
work_keys_str_mv AT interamericandevelopmentbank financialinnovationtosupportwomenledbusinessesmexicosfirstgenderbondandtheroleofnationaldevelopmentbanks
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