World Bank's IBRD funding for sustainable development activities rise to USD 23 bn

Support to countries from the International Bank for Reconstruction and Development (IBRD), which provides financing, risk management products, and other financial services to members, rose to $23 billion in FY18, up from $22.6 billion in the previous fiscal year.

IBRD mobilized this financing for development through innovative capital market instruments; in fiscal 2018, IBRD issued $36 billion in bonds in 27 currencies to fund sustainable development activities in middle-income countries.

In addition, IBRD bonds raise investor awareness for the role of the private sector in achieving the Sustainable Development Goals, with specific bonds to highlight SDGs such as Good Health and Well Being, Gender Equality, Responsible Consumption and Production, and Climate Action.