The World Bank raises $6.5 billion through dual-tranche bonds with a record backlog of $22.7 billion. Investors from around the world, including central banks and asset managers, are driving unprecedented demand. The bonds underline the strong support for sustainable development initiatives worldwide. The World Bank (IBRD, Aaa/AAA) has successfully raised US$6.5 billion through the issuance […]
Over the next ten years, the bank says, an unprecedented 1.2 billion young people in the global South will Adults of working age areMeanwhile, the labour market is expected to create only 420 million new jobs, leaving nearly 800 million young people without obvious employment opportunities and no clear path to prosperity. The President of […]
The World Bank, through its lead arm, the International Bank for Reconstruction and Development (IBRD), has issued a 9-year bond worth US$225 million. This bond supports carbon removal by financing reforestation in the Brazilian Amazon rainforest. Exploring the world bank Carbon removal bond Jorge Familiar, Vice President and Treasurer of the World Bank, noted: “A […]
