Nutrition news

World Bank, Japanese investors highlight efforts to support nutrition through sustainability bonds


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TOKYO, December 21, 2021 – The World Bank (International Bank for Reconstruction and Development, IBRD, Aaa / AAA) issued a total of US $ 250 million equivalent in sustainability bonds to Japanese investors while stressing the importance of a good nutrition to develop human capital. This engagement with investors began with an investment from Nippon Life Insurance Company in October 2020 to raise awareness of World Bank activities to fight malnutrition.

The initiative has attracted both institutional investors and individuals. This includes the most recent investments of the Meiji Yasuda and Taiju life insurance companies before the Tokyo Summit on Nutrition for Growth (N4G) on December 7-8, 2021 to promote global efforts to address the nutrition crisis.

“We are very pleased to see the continued interest of Japanese investors in supporting the mission of the World Bank”, noted Jingdong Hua, Vice President and Treasurer, World Bank. “Raising our collective awareness of how we can contribute to solutions by investing in critical development challenges like the nutrition crisis is essential to building a better and more sustainable future.

The enormous human and economic costs of malnutrition bear the greatest burden on the poor, women and children ”, noted Mamta Murthi, Vice President of the World Bank for Human Development. “We welcome the strong collaboration among stakeholders, including innovative financing from the private sector and investors who support healthier food – and improving nutrition where it is needed most.. “

The World Bank’s bonds support the financing of sustainable development projects and programs in member countries in various sectors, in line with its mission to end extreme poverty and promote shared prosperity. This includes $ 6 billion of projects, of which $ 1.5 billion IBRD countries, helping to improve nutrition and fight against obesity and undernutrition. Good nutrition is essential for improving human capital – a central engine for sustainable growth and poverty reduction. However, COVID-19 and other shocks should have pushed 155 million people in acute food insecurity, including 28 million at risk of famine. Millions of children will also suffer from malnutrition due to service disruptions linked to a pandemic and will not reach their full growth potential, resulting in a loss of economic productivity estimated at US $ 44 billion per year. There is an urgent need to ensure that the world’s poor have access to the knowledge, resources and services necessary to achieve optimal nutrition.

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. Established in 1944, it is the original member of the World Bank Group and operates as a global development cooperative owned by 189 countries. The World Bank provides loans, guarantees, risk management products and advisory services to middle-income countries and other creditworthy countries to support the Sustainable Development Goals, end extreme poverty and promote shared prosperity. It also provides leadership to coordinate regional and global responses to development challenges. The World Bank has been issuing sustainability bonds in international capital markets for more than 70 years to finance programs and activities with positive impact. More information on World Bank bonds is available at www.worldbank.org/debtsecurities.

World Bank bonds support the financing of programs that advance the Sustainable Development Goals (SDGs). The World Bank’s bonds are aligned with the Sustainable Bond Guidelines published by the International Capital Market Association and, as such, support funding for a combination of green and social projects, programs and activities, that is ie “sustainable development”, in IBRD member countries, as described in the World Bank Sustainable development obligations framework. The World Bank is also a member of the executive committee of the Green Bond, Social Bond and Sustainability Bond principles. A key priority for the World Bank’s engagement in capital markets is to establish strategic partnerships with investors to promote the importance of private sector finance in sustainable development. The World Bank’s Sustainable Development Obligation Impact report describes how the World Bank engages with investors on the SDGs and raises awareness of specific development challenges.

Disclaimer
The net proceeds of the obligations described herein are not committed or allocated to loans or to the financing of particular projects or programs, and the returns of the obligations described herein are not linked to the performance of any project or program. particular.

This press release does not constitute an offer to sell securities of the International Bank for Reconstruction and Development (“IBRD”), also known in capital markets as the “World Bank”. Any offering of World Bank securities will be made solely on the basis of the relevant offering documentation, including, but not limited to, the prospectus, term sheet and / or final terms, as applicable, prepared by the World Bank or on behalf of the World Bank. Bank, and is subject to restrictions under the laws of several countries. World Bank securities may only be offered or sold in accordance with all of these laws. The World Bank’s Sustainable Development Obligations Framework and the information set forth therein are not part of, or incorporated by reference in, the Offer Documentation.

Contact
Heike reichelt
Head of Investor Relations and Sustainable Finance, World Bank [email protected]

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