Wildlife Conservation Bond mobilizes private capital to protect critically endangered rhinos

The World Bank’s USD 150 million Wildlife Conservation Bond (WCB) is a first-of-its-kind outcome-based bond that supports the financing of conservation activities, and together with financing from the Global Environment Facility (GEF) transfers project risk from donors to investors. The transaction mobilizes private capital to facilitate financing of black rhino conservation activities at two protected areas in South Africa, Addo Elephant National Park (AENP) and Great Fish River Nature Reserve (GFRNR).

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