London Stock Exchange welcomes the World Bank celebrating its first Rwanda franc bond issuance
London Stock Exchange today welcomes the World Bank (International Bank for Reconstruction and Development, IBRD).
The World Bank is an international organization created in 1944 and operates as a global development cooperative owned by 189 nations. It provides its members with financing, expertise and coordination services so they can achieve equitable and sustainable economic growth in their national economies and find effective solutions to pressing regional and global economic and environmental problems. The World Bank has been issuing sustainable development bonds in the international capital markets for over 70 years, funding programs and activities that support ending extreme poverty and promoting shared prosperity in line with the Sustainable Development Goals.
The World Bank announced today the listing of a Rwandan franc issuance at London Stock Exchange, both firsts for the institution. With this transaction the World Bank seeks to contribute to the development of Rwanda’s local capital market and bring additional finance to support the country’s economic development.
“The World Bank is pleased to support the development of the Rwandan capital market through this bond transaction by drawing international investor’s attention to the economic potential of Rwanda,” said World Bank Vice President and Treasurer Jingdong Hua.