Current Affairs - Business - Discussion

Discussion :: Business - Latest Current Affairs (Q.No.8)

8. 

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

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.

Ankit said: (Dec 9, 2019)  
Thats right.

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