World Bank creates first bond for Sustainable Development Goals

A new kind of bond created by the World Bank and BNP Paribas is linking its returns to organisations making a positive contribution to achieving the Sustainable Development Goals. The bonds are tied to the performance of companies that have been identified as having a clear impact on the sustainability, equality and development targets laid out in the targets agreed by the UN and 193 countries. The bonds have raised $175 million to be invested in World Bank projects that seek to end extreme poverty and contribute to shared prosperity.