The WLB3 continues to gather global momentum by bringing together a diverse range of public and private sector partners, including the United States Agency for International Development (USAID) and the United States International Development Finance Corporation (DFC), Shearman & Sterling, Latham & Watkins, Cyril Amarchand Mangaldas, Clifford Chance, ANZ as the lead placement agent, Standard Chartered Bank, DBS Bank, Partnering for Green Growth and the Global Goals 2030 (P4G), Global Affairs Canada (GAC), the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) and the United Nations Capital Development Fund (UNCDF). Nuveen has returned as an investor for the third issuance, along with several new institutional investors from New Zealand such as Pathfinder NZ.
IIX’s CEO and Founder, Professor Durreen Shahnaz, said, “At a time when COVID-19 caused governments, investors, and businesses to turn inward and leave behind millions of underserved women, we took a stand to do what is right. We closed a deal of immense proportions during a pandemic, and taught the world’s leading institutions how to create a new financial product that works for the 99%. Our astounding success is due to the fact that we dare to do what no one else is doing by valuing women and making them a part of the global financial system. But we’re not stopping there. With each innovative financial instrument, we’re going to keep pushing the boundaries of financial markets so that we create truly systemic change that will outlast any pandemic.” READ MORE