CURRENT AFFAIRS

Detailed explanation-1: -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-2: -JOHANNESBURG, March 24 (Reuters) - The World Bank has issued the world’s first wildlife conservation 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-3: -Q. Which institution issued the world’s first Wildlife Conservation Bond (WCB)? Notes: The World Bank has issued the world’s first wildlife bond named as the Wildlife Conservation Bond (WCB).

Detailed explanation-4: -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-5: -The world’s first Wildlife Conservation Bond – also known as ‘the Rhino Bond’ – has been issued by the World Bank to help increase the population of the endangered Black Rhino species in South Africa.