CURRENT AFFAIRS

Detailed explanation-1: -Wildlife Conservation Bond (WCB) is also known as “Rhino Bond”. It is a five-year $150 million Sustainable Development Bond.

Detailed explanation-2: -Known as the “Rhino Bond,” the Wildlife Conservation Bond (WCB) is a five-year $150m sustainable development bond, which will contribute to protecting and increasing black rhino populations in two protected areas in South Africa.

Detailed explanation-3: -The World Bank has issued the world’s first Wildlife Conservation Bond (WCB) or the “rhino bond”, raising $150 million to help efforts to increase the endangered black rhino population in South Africa, the bank said in a statement on Thursday.

Detailed explanation-4: -The World Bank has announced that it has launched the world’s first wildlife conservation bond (WCB), generating 150 million dollars to boost initiatives to raise the endangered black rhino species in South Africa.

Detailed explanation-5: -The World Bank Wildlife Conservation Bond is a first of its kind outcome-based bond that channels private capital to finance conservation activities, and together with financing from the Global Environment Facility transfers project risk from donors to investors.