World Bank issues first wildlife bond

Category : International Published on: March 26 2022

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The World Bank (International Bank for Reconstruction and Development, (IBRD) has issued the Wildlife Conservation Bond (WCB) to support of South Africa’s efforts to conserve endangered species of Black Rhino.
The Wildlife Conservation Bond (WCB) is named "Rhino Bond".
It is a five-year $150 million Sustainable Development Bond. It includes a potential performance payment from the Global Environment Facility (GEF).
This bond will contribute to saving and increasing the black rhino population in two protected areas Edo Elephant National Park (AENP) and Great Fish River Nature Reserve (GFRNR) in South Africa.

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