The World Bank’s Sustainable Development Bond is a significant milestone in its efforts to support the sustainable development of cities. By issuing its first Chinese yuan denominated bond, the World Bank has demonstrated its commitment to supporting green financing ambitions and creating more resilient cities. The proceeds raised from this 3-year bond will raise awareness of the importance of sustainable cities. The World Bank Group works with cities and communities to build robust, resilient systems that promote shared prosperity. This includes investing in infrastructure and services, helping to create jobs and businesses, improving urban planning and land use management, strengthening natural resource management, and incorporating green technologies into urban development. The World Bank bonds are a way for investors to have direct access and exposure to the development of green economies in an increasingly sustainable world. These bonds allow investors to invest their capital into projects addressing social and environmental challenges in developing countries while earning competitive returns.
resource: https://esgnews.com/world-bank-issues-50-million-sustainable-development-bond/development-bond/