Japan issues 1st gender bonds to promote female empowerment, education

Japan


Tokyo, Sep 27 : The Japan International Cooperation Agency (JICA) issued the country's first gender bonds on Monday to promote empowerment and education of women and ensure gender equality in developing nations. Through issuing bonds with maturities of 10 years and 20 years, the government-backed aid agency in total raised 20 billion yen ($181 million) to fund projects in places where women do not have the same opportunities as men to receive education, work, and participate in political activities, reports Xinhua news agency. According to JICA, women-focused assistance became even more important in the current situation, as more females were subject to domestic violence and deprived of chances for employment or education during the period of the Covid-19 pandemic, and that people spent more time at home under some anti-virus measures partly caused the increase in violence against women. Gender equality is among the 17 sustainable development goals set by the UN. The JICA's gender bonds are part of the social bonds designed to address various challenges. Besides gender bonds, JICA has launched bonds designed to achieve specific targets such as "TICAD bonds" to help African development and the bonds to help developing countries improve medical systems and enhance public health amid the Covid-19 pandemic. /IANS




Related

Panchayat builds cricket pitch on football ground; FC Goa protests
Panaji, Nov 30 : Indian Super League Club FC Goa on Tuesday cried foul after a practice football ground developed by the club in Salvador do Mundo vil

T'gana govt will have to procure paddy: BJP leader
Hyderabad, Nov 30 : Telangana state BJP president Bandi Sanjay Kumar on Tuesday said the state government will have to procure paddy during the coming

More rains in store for Andhra as low pressure area likely to intensify
Amaravati, Nov 30 : There is no respite from heavy rains in south coastal Andhra Pradesh, as parts of the region continued to receive heavy downpour o