CURRENT AFFAIRS

Detailed explanation-1: -Option A) World Bank : The World Bank has issued the world’s first wildlife bond named as the Wildlife Conservation Bond (WCB). The USD150 million will be spent on two South African reserves, the Addo Elephant National Park (AENP) and the Great Fish River Nature Reserve (GFRNR).

Detailed explanation-2: -Also known as the “Rhino Bond,” the WCB is a five-year USD 150m sustainable development bond which will contribute to protecting and increasing black rhino populations in two protected areas in South Africa: the Addo Elephant National Park and the Great Fish River Nature Reserve.

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 (International Bank for Reconstruction and Development, IBRD) has issued the Wildlife Conservation Bond (WCB).

Detailed explanation-5: -1) The World Wild Fund for Nature (WWF) The World Wild Fund for Nature (WWF) is arguably the most well-known conservation organisation out there.