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Technical Discussion Series: Innovative Bond Supports South Africa Rhino Conservation and Local Communities
This virtual event, part of the GEF Technical Discussion Series, introduced the innovative financial product, Wildlife Conservation Bond or “Rhino Bond” that offers a payout linked to the protection of black rhinos, a critically endangered species whose health is essential to the ecosystems in which they live. The bond, which raised $150 million in its March 2022 issuance, will support South Africa’s conservation of black rhinos in two of their strongholds in the country: the Addo Elephant National Park and the Great Fish River Nature Reserve.