CURRENT AFFAIRS

Detailed explanation-1: -Mexico has become the first country in the world to issue a sovereign bond linked to the sustainable development goals set by the United Nations. It has raised EUR 750 million ($890 million) by such bonds.

Detailed explanation-2: -Chile becomes the first country in the world to issue a Sustainability Linked Bond | Green Finance LAC.

Detailed explanation-3: -In 2015, all the countries in the United Nations adopted the 2030 Agenda for Sustainable Development. It sets out 17 Goals, which include 169 targets.

Detailed explanation-4: -A sovereign bond is essentially a commitment by the national government to make coupon payments and repay the bond’s face value on the maturity date. Countries with volatile economies and high inflation rates tend to issue their bonds in denominations that bear the currency of other countries with stronger economies.

Detailed explanation-5: -The ranking is conducted annually by the UN Sustainable Development Solutions Network and the Bertelsmann Foundation. According to the new ranking, Finland has achieved its goals related to poverty reduction, clean and affordable energy, and high-quality education.