Name the financial institution which has launched 'green' bond fund for central banks to promote green finance.

  • 1

    Bank for International Settlements

  • 2

    World Bank

  • 3

    International Monetary Fund

  • 4

    Asian Development Bank

Answer:- 1

In the latest dimension of global central bank's interest in environmental sustainability, the Bank for International Settlements (BIS) has launched a dollar green bond fund enabling central banks around the world to invest in "green bonds". It is an open ended bond & drawn the pool of assets from a global group of central banks to develop green finance through sizeable climate-friendly investments. It is structured under the swiss law & will be managed in-house by Asset Management handout of BIS, which is owned by 60 central banks.

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