Name the financial institution which has launched green bond fund for central banks to promote green finance.

2019

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Name the financial institution which has launched ‘green’ bond fund for central banks to promote green finance.

A	Bank for International Settlements
B	World Bank
C	International Monetary Fund
D	Asian Development Bank

Explanation:

Detailed explanation-1: -The Bank for International Settlements (BIS ) has launched a green bond fund that is dedicated to aid the financing of green projects in Asia Pacific.

Detailed explanation-2: -The World Bank Green Bond raises funds from fixed income investors to support World Bank lending for eligible projects that seek to mitigate climate change or help affected people adapt to it.

Detailed explanation-3: -The World Bank is a major issuer of Green Bonds.

Detailed explanation-4: -On Friday (January 6), the Reserve Bank of India (RBI) announced that it will, for the first-time, issue Sovereign Green Bonds (SgrBs) worth Rs 16,000 crore, in two tranches of Rs 8,000 crore each in the current financial year.

Detailed explanation-5: -What is a Green Bond? A green bond is a debt security issued by an organization for the purpose of financing or refinancing projects that contribute positively to the environment and/or climate. A green bond is alternatively known as a climate bond.

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