World Bank launches first bond linked to the SDGs
The World Bank’s International Bank for Reconstruction and Development (IBRD) has issued its first bond linked to the UN Sustainable Development Goals (SDGs) as part of the global effort to combat climate change, end poverty and promote equality.
According to the Bank, the equity-index linked bonds raised a total of €163 million ($173 million) from institutional investors in France and Italy.
The World Bank will use the proceeds to support the financing of projects that advance its goals of eliminating extreme poverty while minimising environmental impacts and enhancing gender equality and public health.
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