Beyond the overarching pursuit of gender equality, the African Development Bank (AfDB) has started the active monitoring of disbursed loan to women on the continent through its newly introduced initiative, the Women Financing Index (WFI). According to the President of the bank, Akinwunmi Adesina, the index is to take note of African countries that accord women a priority in loan disbursement. Nations that perform well according to data obtained would benefit more from financing from AfDB. “WFI, which is currently under development, will rate banks and financial institutions who apply for loans from the African Development Bank, against the amounts they have lent or are lending to women,” Adesina said on the sidelines of the United Nations General Assembly. The bank’s chief further explained that institutions will be rated by their development impact which is based on the rate and volume at which they lend to women. “Top institutions will be rewarded with preferential…