Through the International Bank for Reconstruction and Development (IBRD), the World Bank has been issuing debt securities in the international capital markets for more than 50 years. World Bank debt issues are the funding source for development loans and have provided financing for more than 4,000 development projects in over 130 countries through over US$400 billion in lending.
- World Bank Bonds and Other Debt Products
- The bank offers AAA-rated products that include discount notes; benchmark bonds; plain vanilla, local currency bonds; bonds targeted to retail investors; and structured notes. These debt issues provide a funding source for development loans and offer investors socially responsible investment vehicles.
- Carbon Funds and Facilities
- The bank manages nine carbon funds and facilities comprised of
- public and public participants. These funds are managed by the bank as a trustee, and they are operated much like a closed-end mutual fund. The bank uses money contributed by governments, investors and companies in Organization for Economic Cooperation and Development (OECD) countries to purchase project-based greenhouse gas emission reductions from projects in developing countries and countries with economies in transition. The emission reductions are purchased through one of the carbon funds on behalf of the contributor, and within the framework of the Kyoto Protocol's Clean Development Mechanism (CDM) or Joint Implementation (JI). The bank then pays on delivery of those emissions reductions. The overall intent is to mitigate climate change and contribute to sustainable development.
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