From The World Bank
TOKYO, October 21, 2020 – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) issued a 15-year AU$150 million Sustainable Development Bond, while for the first time, highlighting the importance of good nutrition to build human capital. Nippon Life Insurance Company was the sole investor in this transaction.
World Bank bonds support the financing of sustainable development projects and programs in member countries across a range of sectors in line with its mission to end extreme poverty and promote shared prosperity.
This includes US$4.9 billion in projects, of which US$1 billion are in IBRD countries, helping to improve nutrition. Good nutrition is key to unlocking human capital and improving economic growth as better nourished children achieve greater learning outcomes, better earnings in adulthood and are therefore more likely to escape from poverty when they grow up.