Original disclosure @ WB website
Updated in EWS Jul 16, 2020
Disclosed by Bank May 11, 2020
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According to bank documents, the project objective is to create an outcome-driven structured bond that channels private sector funds to increase black rhino populations in target protected areas in South Africa.
The project is focused on addressing major challenges for financing conservation and proposes an innovative financing model to unlock and direct private finance for the conservation of the black rhino in South Africa. The Project aims to catalyze the world’s first Wildlife Conservation Bond (WCB) that links the coupon payments of an institutional SDG-related bond issuance to conservation performance.
Iretomiwa Olatunji, Nathalie Weier Johnson
Senior Environmental Specialist
The Eastern Cape Parks and Tourism Agency (EPTCA)
South African National Parks (SANParks)
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