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‘Rhino bond’ charges onto Wall Street to save the endangered animals

Critically endangered black rhinos in South Africa will get help from an unusual source: Wall Street, where institutional investors have expressed a willingness to buy a new type of bond being issued by the World Bank that will pay for successful efforts to save the animals. In this pilot project that will be judged on whether the population of horned animals in two parks in the country increases, the Washington-based development lender will issue a $150 million (R2.2 billion) bond on 31 March.

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