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    Question

    The World Bank's International Bank for Reconstruction

    and Development (IBRD) priced a 5-year Great British Pound sterling (GBP) benchmark bond. What is the primary purpose of this Sustainable Development Bond?
    A Funding global infrastructure projects Correct Answer Incorrect Answer
    B Supporting World Bank employee benefits Correct Answer Incorrect Answer
    C Financing World Bank initiatives for sustainable development Correct Answer Incorrect Answer
    D Investing in cryptocurrency markets Correct Answer Incorrect Answer
    E Establishing a new World Bank office in London Correct Answer Incorrect Answer

    Solution

    The Sustainable Development Bond aims to generate GBP 1.5 billion from investors to finance World Bank initiatives for sustainable development in member countries.

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