A U.S. government agency working closely with Ivanka Trump has invested in a new financial product intended to extend credit to women entrepreneurs in emerging markets. The Overseas Private Investment Corp., or OPIC, is the largest investor in the $175 million collateralized loan obligation which provides funds to a group of microfinance institutions in emerging markets. The lenders have 5.6 million borrowers, 81% of whom are women, according to a statement from Zurich-based responsAbility Investments AG, which is managing...

Source: Wall Street Journal July 17, 2019 14:15 UTC