The World Bank, through its International Bank for Reconstruction and Development (IBRD), has introduced a groundbreaking seven-year USD 100 million Plastic Waste Reduction-Linked Bond.
International
The World Bank, through its International Bank for Reconstruction and Development (IBRD), has introduced a groundbreaking seven-year USD 100 million Plastic Waste Reduction-Linked Bond. This innovative financial instrument links investor returns to Plastic Waste Collection Credits, Plastic Waste Recycling Credits, and Voluntary Carbon Units generated by projects in Ghana and Indonesia. The selected projects aim to address global plastic pollution challenges by reducing and recycling plastic waste in vulnerable communities. The bond structure offers potential financial benefits if projects and credit monetization perform as expected, providing a win-win scenario for investors, local communities, and ecosystems.
The World Bank, through its International Bank for Reconstruction and Development (IBRD), has introduced a groundbreaking seven-year USD 100 million Plastic Waste Reduction-Linked Bond.
Investors in the bond contribute approximately USD 14 million upfront to enhance facilities, expand collection and recycling sites, and install food-grade recycling equipment.
With a focus on preventing plastic waste leakage, the bond is 100% principal protected, with proceeds supporting the World Bank's sustainable development globally.
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