Date: Friday, 18 August 2023
In an exciting move that promises to reshape trade and finance opportunities for women’s enterprises across the Indo-Pacific, the International Centre for Democratic Partnerships (ICDP) has teamed up with Red Hat Impact. This partnership heralds a new phase in their efforts to empower women and girls in the region.
At the heart of this collaboration is the Trade Finance Vehicle for Pacific Menstrual Health (TFV 1.0), an initiative that currently supports local businesses crafting reusable menstrual pads. With a significant AUD $250,000 boost from the Australian Government Department of Foreign Affairs and Trade (DFAT), Red Hat Impact is gearing up to evaluate TFV 1.0. Their insights will shape the evolution of TFV 2.0 and the future of this initiative set to launch in July 2024. This venture not only showcases the value of inclusive aid for trade but also spotlights the potential for women’s economic empowerment throughout the Pacific.
ICDP, a staunch advocate for women in business since its establishment in 2017, is fully engaged in supporting TFV 2.0. Through an extensive Pacific network and partnerships, especially with women entrepreneurs, ICDP is set to play a pivotal role. With Hub Coordinators in Fiji, Papua New Guinea, Samoa, Solomon Islands, Tonga, and Vanuatu, ICDP is set to fuel on-ground research, digital engagement, and philanthropic support via the ICDP Foundation Pacific Fund.
Simone Pensko, ICDP’s Director, lauds the partnership, noting, “Our collaboration with Red Hat Impact aligns seamlessly with our mission to champion Pacific women entrepreneurs, fostering collaboration between Australia and the Pacific.”
Red Hat Impact echoes this sentiment, inviting diverse stakeholders to join the journey of TFV 2.0’s creation. From face-to-face interviews to virtual sessions, their aim is to ensure a robust dialogue within the region.
Paul Howorth, Director of Red Hat Impact, reflects on the project’s journey, saying, “Partnerships have been vital to TFV 1.0’s success. As we venture into this next phase, we’re excited to strengthen existing relationships and build new ones with partners like Bambino Mio and the International Centre for Democratic Partnerships.”
If you’re passionate about women’s enterprises in the Pacific – whether involved or aspiring to be – this partnership invites you to be part of the movement.
Visit the TFV 2.0 project website linked below, to learn more and join a community dedicated to transforming the business landscape for women in the Indo-Pacific. Together, we’re creating a brighter, more inclusive economic future for all.
TFV 2.0 project website: https://tradefinancevehicle.online/