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Article: World Bank and SEB partner with Scandinavian Institutional Investors to Finance "Green" Projects.
- Article from:
- M2 Presswire
- Article date:
- November 7, 2008
CopyrightCOPYRIGHT 2008 M2 Communications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-7 November 2008-The World Bank Group: World Bank and SEB partner with Scandinavian Institutional Investors to Finance "Green" Projects(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:06112008
Stockholm -- The World Bank today announced a partnership with SEB and several key Scandinavian institutional investors to introduce a "World Bank green bond" to raise funds for projects seeking to mitigate climate change or help affected people adapt to it.
The bond issue is one example of the kind of innovation the World Bank is trying to encourage within its "Strategic Framework for Development and Climate Change," launched earlier this year to help ...