The Asian Development Bank (ADB) has supported ASA Philippines Foundation Inc.’s gender bond issuance, aimed at promoting gender equality and financial inclusion by providing cheaper credit access to women entrepreneurs.
ACEN gets financing boost from ADB and partners.
The ADB has set aside P4B for eight programs and projects this year, with four of them being policy-based loans.
The loan will help sustain post-pandemic recovery, the bank says.
The regional bank announced the adoption of a comprehensive reform roadmap.
The regional lender highlighted the role of big data in improving the overall state of Southeast Asia.