WASHINGTON, October 9, 2023 - The World Bank (International Bank for Reconstruction and Development, IBRD, AAA/Aaa) announced today the issuance of two Sustainable Development Bonds purchased by Bank Al-Maghrib (the Central Bank of Morocco) for its reserves management. The announcement coincides with the start of the World Bank Group - IMF Annual Meetings in Marrakech, Morocco, which are focused on driving action for more sustainable outcomes for people and the planet. The EUR 100 million 3-year and EUR 100 million 5-year Sustainable Development Bond transactions will support the financing of the World Bank's sustainable development activities and pay annual fixed rate coupons to Bank Al-Maghrib.

https://www.miragenews.com/bank-al-maghrib-buys-world-banks-sustainable-1099888/

#miragenews