IDB Auctions Poverty Reduction Bonds

The Inter-American Development Bank and Daiwa Securities Group have issued poverty reduction bonds to help curb poverty and boost living conditions in Latin America and the Caribbean. These, which are the bank’s first impact investment bonds of 2011, will be offered in Japan.

The bank raised USD279 million from the sale of its first poverty reduction bonds in July last year.

About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.