The application of WEPs and GRP becomes even more important as global buyers, investors, and new-generation Free Trade Agreements (FTAs) require businesses to strictly adhere to standards of transparency, inclusiveness, and sustainability (ESG principles).
The Asian Development Bank (ADB) has signed a $25 million loan with the Tien Phong Commercial Joint Stock Bank (TPB) to enhance access to finance by women-owned small and medium-sized enterprises (WSME) around Vietnam. The project also received co-financing of $25 million from the German Development and Investment Fund (Deutsche Investments-und Entwicklungsgesellschaft mbH - DEG).