The $150m bond is billed as a ‘first of its kind’, which uses investments to achieve conservation goals. In this case, one of the aims is to increase the number of endangered black rhinos.
by Ed Stoddard, Daily MaverickWorld Bank issues groundbreaking $150m Rhino Bond to help SA conserve endangered species by Ed Stoddard, Daily Maverick March 24, 2022 On the same day that South Africa hosted its fourth Investment Conference in Sandton, a new instrument was offered to investors – a Wildlife Conservation Bond , or Rhino Bond. The aim is to provide a return to investors based on an increase in black rhino numbers in South Africa.
This article first appeared on Daily Maverick and is republished here under a Creative Commons license.
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