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The Evolving Landscape of Impact Bonds

From social impact to climate and gender equality

In a move that marks a new frontier in impact finance, Iceland has issued the world's first sovereign gender bond, raising €50 million ($54 million) to fund initiatives aimed at improving the welfare and financial health of women. This bond, arranged by BNP Paribas and purchased by Franklin Templeton in a private placement, will finance projects ranging from affordable housing for low-income women to initiatives redistributing unpaid care work, setting a precedent for how countries can use capital markets to advance gender equality goals.

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Rohini Manyam Seshasayee leverages her extensive experience in research and stakeholder engagement in her writing.
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