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Exploring innovative finance as a means of improving investments in menstrual health in the East Asia region

Investing in Market Formation: Building Gender-Transformative Markets

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Session Principles

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  • Explore new possibilities for investing in menstrual health
  • Find innovative ways to frame and connect menstrual health to other agendas
  • This is an opportunity for creativity 
  • There are no right answers here (we don’t have all the answers)

 

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Project Overview

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This project is a partnership between Criterion Institute and UNICEF East Asia and the Pacific office to explore how innovative finance can be used to enable a more inclusive menstrual health market across the region. This is the design phase of a longer-term partnership with UNICEF.

Objectives

  • Understand what the menstrual health opportunity in the region is
  • Explore where finance can be used to create a more inclusive menstrual health market 
  • Identify what types of financial instruments could be used to invest in local actors  
  • Map what market conditions, terms and key players are needed to expand or shift investments in menstrual health at an eco-system level

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Why Menstrual Health?

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UNICEF MHH Pillars

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Applying a Menstrual Lens to WASH Financing & the Circular Economy

Connections

  • At least 500 million women and girls globally lack adequate WASH facilities for menstrual hygiene management (MHM). 
  • Tampons, pads, panty liners, and their packaging generate more than 200,000 tons of waste per year​ and can take hundreds of years to decompose in landfills or in the ocean ​

Opportunities

  • Designing investment framework and guidelines for menstrual-sensitive WASH investments with key MH indicators for WASH related investments.
  • Loan conditionality and/or safeguarding in investments (blended finance)
  • Driving innovation in the design of: a) reusable/sustainable products; and b) waste management/recycling
  • Increasing demand and access to sustainable products
  • Blended finance incentives to have investors prioritize this lens

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Financing Market Formation Through a DIB or SIB

Connections

  • Improving menstrual health outcomes for women and girls requires a sustainable market of both social and economic activity. 
  • Within MH there is a need to improve supply and demand in order to strengthen the market.
  • Supply and demand is not only about products and access, but education, awareness raising, WASH infrastructure etc. ​

Opportunities

  • Designing an impact bond be aimed at financing demand creation and market formation activities which would strengthen local markets.
  • Social activities are financed through the impact bond, however metrics are tied to market access, business growth
  • Attracts new set of investors to menstrual health

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Setting the Stage

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  • MH is a market system, and different types of financing are needed to form the market
  • MH cuts across a variety of investment agendas: where are the connections and incentives
  • Social and economic activity is needed to improve menstrual health outcomes for women and girls
  • Mobilizing new investments in MH is in the framing and narrative around MH
  • Social impact must be the desired outcome of all investments
  • Improving menstrual health outcomes for women and girls is central to any business activity

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Building Markets: Micro and Macro Level

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Why building a market for menstrual health matters:

  1. Increase capital flow
  2. Connect players across supply chains
  3. Drive innovation
  4. Improve visibility

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Exploring MH Market Formation

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MACRO-LEVEL

MICRO-LEVEL

Investable opportunities

Demand generation

Market visibility

Market investability

Supply of capital

Pipeline of investable opportunities

Supply chain

Product innovation

Demand creation

Demand for capital

Market visibility

Supply chain

Business model diversity

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Reflections

  • What surprised you?
  • What are you more sure or less sure about?
  • What are your takeaways?
  • What actions are you taking forward ?

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Thank you.�