PRESS RELEASE June 1, 2018

World Bank launches Sustainable Development Bond to Focus Attention on Women and Children

The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa/AAA) has issued a CAD 60 million 10-year Eurobond that raises funds for its sustainable development activities around the world. Japan Post Insurance was the sole investor in this transaction.

It is Japan Post Insurance’s management philosophy to be a trustworthy institution for people that is always close at hand and endeavoring to protect their well-being. Its management policy states, "We actively contribute to health promotion, environmental protection, and the development of local communities and society as a whole." Japan Post Insurance is also addressing challenges related to ESG (Environmental, Social and Governance) issues through its asset management strategy and purchasing World Bank Sustainable Development Bonds is one of those activities. Japan Post Insurance will continue to fulfill its social responsibility by investing in instruments that not only have a positive social impact but also improve investment profitability through product diversification with appropriate risk management.

The World Bank issues around USDeq. 40 billion in Sustainable Development Bonds in the global capital markets every year, and proceeds of all its bond support development programs that are aligned with its mission to end extreme poverty and boost shared prosperity and the Sustainable Development Goals. This includes, for example, projects that are improving the health and nutrition of pregnant women and children under the age of two in Indonesia, and improving the chronic malnutrition of indigenous people with an emphasis on infants and small children in Guatemala.

About the World Bank

The World Bank (International Bank for Reconstruction and Development, IBRD), rated Aaa/AAA (Moody’s/S&P), is an international organization created in 1944 and the original member of the World Bank Group. It operates as a global development cooperative owned by 189 nations. It provides its members with financing, expertise and coordination services so they can achieve equitable and sustainable economic growth in their national economies and find effective solutions to pressing regional and global economic and environmental problems. The World Bank has two main goals: to end extreme poverty and promote shared prosperity. It seeks to achieve them primarily by providing loans, risk management products, and expertise on development-related disciplines to its borrowing member government clients in middle-income countries and other creditworthy countries, and by coordinating responses to regional and global challenges. It has been issuing sustainable development bonds in the international capital markets for over 70 years to fund its activities that achieve a positive impact. Information on World Bank bonds for investors is available on the World Bank Treasury website: treasury.worldbank.org.

 


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