CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
UN, SIDBI and this bank jointly launched the Women’s Livelihood Bond, recently.
A
RBI
B
ADB
C
World Bank
D
IFC
Explanation: 

Detailed explanation-1: -The World Bank, UN Women (a United Nations entity dedicated to gender equality and empowerment of women), and Small Industries Development Bank of India (SIDBI) have come together to launch a five-year tenor women’s livelihood bond (WLB).

Detailed explanation-2: -The WLB Series helps women access affordable credit, micro savings and insurance, agricultural inputs, as well as clean and affordable energy. Capital is provided up-front, allowing women to fund income-generating assets and skills to transition from subsistence to sustainable livelihoods.

Detailed explanation-3: -A social impact bond (also known as a social benefit good or social bond) is a type of financial security that provides capital to the public sector to fund projects that will create better social outcomes and lead to savings. These bonds are a new development in finance.

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