World’s First Wildlife Bond to Track Rhino Numbers in Africa
- World Bank Bond aims to boost South Africa black rhino numbers
- Program could later be expanded to lions, tigers and gorillas
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A bond designed to raise funds to grow the population of endangered black rhinoceros in South Africa will be sold by the World Bank this year.
The five-year, 670 million rand ($45 million) security will be the world’s first wildlife conservation bond and the aim is to sell it in the middle of the year. Returns for investors will be determined by the rate of growth of the populations of the animals in two South African reserves, according to the Rhino Impact Investment Project, an initiative started by the Zoological Society of London.