Discussion :: Business
-
Name the financial institution which has launched 'green' bond fund for central banks to promote green finance.
|
A.
Bank for International Settlements
|
|
B.
World Bank
|
|
C.
International Monetary Fund
|
|
D.
Asian Development Bank
|
Whatsapp
Facebook
Answer : Option A
Explanation :
In the latest dimension of global central bank's interest in environmental sustainability, the Bank for International Settlements (BIS) has launched a dollar green bond fund enabling central banks around the world to invest in "green bonds". It is an open ended bond & drawn the pool of assets from a global group of central banks to develop green finance through sizeable climate-friendly investments. It is structured under the swiss law & will be managed in-house by Asset Management handout of BIS, which is owned by 60 central banks.
Be The First To Comment