Keen interest in World Bank Rhino Bonds launched in SA

The World Bank has launched an innovative approach to protect and grow the population of endangered black rhinos by launching a Wildlife Conservation Bond, also called the Rhino Bond. Two parks in South Africa, Addo Elephant National Park and the Great Fish River Nature Reserve will benefit. It is a $150m five-year bond that includes a potential performance payment from the Global Environment Facility (GEF). If a positive rhino growth rate (what a nice investment term) is achieved and the bond is deemed a success, we could have bonds connected to elephant or chimpanzee growth rates in the future. Michael Bennett, the head of market solutions and structured finance at the World Bank Treasury told BizNews the bank had a great deal of interest in creating a new outcome-based financial instrument that would pay for conservation performance and benefit local communities by growing tourism and supporting job creation. – Linda van Tilburg Learn more about your ad choices. Visit megaphone.fm/adchoices