First wildlife bond issued by World Bank to save Africa’s black rhino- Worth- $150 million
- 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.
- Wildlife Conservation Bond (WCB) is also known as “Rhino Bond”. It is a five-year $150 million Sustainable Development Bond. It includes a potential performance payment from the Global Environment Facility (GEF).
- The bond will contribute to protecting and increasing black rhino populations in two protected areas in South Africa namely the Addo Elephant National Park (AENP) and the Great Fish River Nature Reserve (GFRNR).
Points to remember:
- Which organisation has issued the Wildlife Conservation Bond (WCB)/ Rhino Bond?- World Bank/ IBRD
- What is the total amount of Wildlife Conservation Bond (WCB)?- $150 million
- What is the maturity of Wildlife Conservation Bond (WCB)?- 5 years
Source: World Bank