International Finance Corporation

World Bank president Jim Yong Kim has designated gender as one of five “themes” that must tie in to everything the bank does. Photo: AFP

World Bank raises US$165 million with first 'women's bond'

The World Bank said on Wednesday its private sector arm issued about US$165 million in “women’s bonds” in the first debt sale by the development lender specifically aimed at raising money for businesses owned or run by women in emerging markets.