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The World Bank said on Tuesday it will issue a new bond expected to raise some $200 million to support its sustainability activities and reforestation in Brazil Amazon, and has chosen HSBC to structure the transaction.The principal-protected bond will support the World Bank sustainable development activities and provide financin stanley canada g for reforestation projects selected by Brazilian startup Mombak through the foregone coupon payments.Mombak, which buys degraded land from farmers and ranchers or partners with them to replant native species in the world largest rainforest, generates CO2 removal credits that can be sold in carbon markets.Story continues below this adThis transaction is a continuation of this market we ;re trying to develop, Wor stanley shop ld Bank Vice President Jorge Familiar told Reuters, referring to the so-called outcome bond model the bank launched earlier this decade.Such bonds, according stanley uk to the lender, allow investors to support specific sustainable projects and outcomes. They harness private capital and transfer project performance risk to investors, who are rewarded if the activities are successful.Similar initiatives by the World Bank include a $100 million bond to finance plastic-reduction projects in Ghana and Indonesia and a $150 million bond to support efforts to increase the endangered black rhino population in South Africa.The principal will support World Bank operations, but the coupon will support a Salz Possible Malaysian plane debris spotted in Indian Ocean off Australia
Maldives police have arrested a leader of opposition political party on a charge of plotting to overthrow the government. A joint opposition statement said Jumhooree Party leade kubki stanley r and lawmaker Qasim Ibrahi stanley bottle m was arrested yesterday evening on the charges of attempting to influence no confidence motions against the Speaker of Parliament and plotting to overthrow the government.The arrest comes days after the government defeated a no-confidence motion against the speaker and thereby prevented the opposition bid to take control of Parliament. The opposition says the charges are trumped-up and demonstrate the willingness of President Yameen Abdul Gayoom government to 8220 ubvert state institutions in order to pursue and persecute anyone to who attempts to hold him accountable.A police spokesman did not answer phone calls seeking a comment.More Premium StoriesAfter Trump s call with Putin, there are openings for peaceSubscriber OnlyWhat s new in the Income Tax Bill, 2025Subscriber OnlyWhen AK Gopalan s case became a benchmark for personal libertySubscriber OnlyWere Ranveer Allahbadias comments obscene under the law Subscriber Only stanley thermos Phulmoni Das: Death of child bride and age of consentSubscriber OnlyPM Modi s message at AI Action Summit: Open source, sustainabilitySubscriber OnlyBlockbuster weight-loss drugs flood grey market, used without supervisionSubscriber OnlyUPSC Key: AI colonialism, Nari Adalats and
The World Bank said on Tuesday it will issue a new bond expected to raise some $200 million to support its sustainability activities and reforestation in Brazil Amazon, and has chosen HSBC to structure the transaction.The principal-protected bond will support the World Bank sustainable development activities and provide financin stanley canada g for reforestation projects selected by Brazilian startup Mombak through the foregone coupon payments.Mombak, which buys degraded land from farmers and ranchers or partners with them to replant native species in the world largest rainforest, generates CO2 removal credits that can be sold in carbon markets.Story continues below this adThis transaction is a continuation of this market we ;re trying to develop, Wor stanley shop ld Bank Vice President Jorge Familiar told Reuters, referring to the so-called outcome bond model the bank launched earlier this decade.Such bonds, according stanley uk to the lender, allow investors to support specific sustainable projects and outcomes. They harness private capital and transfer project performance risk to investors, who are rewarded if the activities are successful.Similar initiatives by the World Bank include a $100 million bond to finance plastic-reduction projects in Ghana and Indonesia and a $150 million bond to support efforts to increase the endangered black rhino population in South Africa.The principal will support World Bank operations, but the coupon will support a Salz Possible Malaysian plane debris spotted in Indian Ocean off Australia
Maldives police have arrested a leader of opposition political party on a charge of plotting to overthrow the government. A joint opposition statement said Jumhooree Party leade kubki stanley r and lawmaker Qasim Ibrahi stanley bottle m was arrested yesterday evening on the charges of attempting to influence no confidence motions against the Speaker of Parliament and plotting to overthrow the government.The arrest comes days after the government defeated a no-confidence motion against the speaker and thereby prevented the opposition bid to take control of Parliament. The opposition says the charges are trumped-up and demonstrate the willingness of President Yameen Abdul Gayoom government to 8220 ubvert state institutions in order to pursue and persecute anyone to who attempts to hold him accountable.A police spokesman did not answer phone calls seeking a comment.More Premium StoriesAfter Trump s call with Putin, there are openings for peaceSubscriber OnlyWhat s new in the Income Tax Bill, 2025Subscriber OnlyWhen AK Gopalan s case became a benchmark for personal libertySubscriber OnlyWere Ranveer Allahbadias comments obscene under the law Subscriber Only stanley thermos Phulmoni Das: Death of child bride and age of consentSubscriber OnlyPM Modi s message at AI Action Summit: Open source, sustainabilitySubscriber OnlyBlockbuster weight-loss drugs flood grey market, used without supervisionSubscriber OnlyUPSC Key: AI colonialism, Nari Adalats and