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LatinNews Daily - 05 August 2019

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In brief: Panama issues gender bond

* IDB Invest, part of the Inter-American Development Bank Group (IDB), and Banistmo, Panama’s largest bank and a subsidiary of Grupo Bancolombia, have announced the issuance of a five-year US$50m 'gender bond', aimed exclusively at expanding access to financing for small to medium sized enterprises (SMEs) led by women. This is the first such social bond with a gender focus in Latin America. According to IDB Invest, the bond will “promote female entrepreneurship and economic empowerment” in Panama and has the potential to contribute towards reaching four of United Nations Sustainable Development Goals: gender equality; decent work and economic growth; industry, innovation and infrastructure; and reducing inequalities.