Which institution issued the world’s first Wildlife Conservation Bond (WCB)?
a) World Bank
b) UN Environment Program
c) World Economic Forum
d) International Monetary Fund
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Which institution issued the world’s first Wildlife Conservation Bond (WCB)?
a) World Bank
b) UN Environment Program
c) World Economic Forum
d) International Monetary Fund
The institution that issued the world’s first Wildlife Conservation Bond (WCB) is the World Bank.
The Wildlife Conservation Bond is a financial mechanism designed to fund conservation projects that aim to protect threatened species and their habitats. The bond functions as a debt instrument where investors lend money to a conservation project and receive interest on their investment.
In 2018, the World Bank issued the world’s first Wildlife Conservation Bond, worth $87 million, to finance conservation efforts in the Seychelles. The bond was aimed at restoring and protecting marine and coastal ecosystems, which are critical for the survival of various species such as sea turtles, sharks, and dolphins.
The bond was structured as a 10-year bond, with interest payments and principal repayment due at the end of the term. The bond was designed to be attractive to socially responsible investors, who are interested in investing in sustainable and environmentally-friendly projects.
Overall, the Wildlife Conservation Bond is an innovative financial mechanism that can help bridge the financing gap for conservation projects and promote sustainable development.
The World Bank has issued the world’s first Wildlife Conservation Bond (WCB) or the “rhino bond”, raising $150 million to help efforts to increase the endangered black rhino population in South Africa, the bank said in a statement on Thursday.
a) World Bank