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Indonesia to launch US$1 billion orange bonds to empower women-led MSMEs

Building on its success with green sukuk bonds, it introduces orange bonds to narrow the gender gap and support women entrepreneurs

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    • Studio Gypsied founder Nur Aqilah Zailan, 36, preserves and promotes the heritage of Nusantara women through her business, by working closely with artisans and tailoring partners in Indonesia.
    • Studio Gypsied founder Nur Aqilah Zailan, 36, preserves and promotes the heritage of Nusantara women through her business, by working closely with artisans and tailoring partners in Indonesia. PHOTO: BT FILE

    Shoeb Kagda

    Published Mon, Jul 15, 2024 · 03:37 PM — Updated Tue, Jul 16, 2024 · 08:50 AM

    [JAKARTA] Indonesia is set to launch US$1 billion orange bonds to narrow the gender inequality gap in the country’s small business sector.

    Named after the colour of the United Nations Sustainable Development Goal 5, orange bonds are an asset class that aim to empower 100 million women, girls and gender minorities worldwide by unlocking US$10 billion of capital by 2030.

    The goal of the orange bonds, said Indonesia’s Ministry of National Development Planning (Bappenas), is to assist micro, small and medium-sized enterprises (MSMEs) that are helmed by women.

    Social bondsSukuk bondsIndonesiagender equality

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