Latest update February 5th, 2025 11:03 AM

Guyana's largest selling daily and New York's most popular weekly

Latest News

IDB issues poverty reduction bonds

Jan 15, 2011 News

– Caribbean and Latin America to benefit

The Inter-American Development Bank (IDB) and Daiwa Securities Group have announced an issuance of the Poverty Reduction Bonds to support poverty alleviation and improve living conditions of new generations in the Caribbean and Latin America.
These Bonds are IDB’s first impact investment bonds of 2011 and they will be offered in Japan.
The IDB’s Poverty Reduction Bonds provide an opportunity to Japanese retail investors to contribute to poverty reduction in Latin America and the Caribbean.
According to the IDB, the Bank’s programmes seek to stop intergenerational poverty by providing economic incentives to lower income families and improving their children’s nutritional and health standards as well as education attainment among other things. About 40 percent of the total lending of the IDB goes to poverty alleviation programmes.
In July 2010, the IDB issued its first Poverty Reduction Bonds, raising $279 million. Like the first transaction, Daiwa Securities Capital Markets Co. Ltd., the wholesale securities firm under the Daiwa Securities Group, is managing the current sale and Daiwa Securities Co. Ltd., the Group’s retail securities firm, will distribute the bonds to Japanese retail investors.
To pursue its commitment to social responsibility, Daiwa Securities Group has been actively involved in the Impact Investment initiative, seeking out investments that achieve social impact while attaining appropriate financial return.

Similar Articles

The Glenn Lall Show | February, 3rd, 2025

Follow on Tik Tok @Glennlall

THE BLUNT OF THE DAY

Sports

BCA, GCB to attend CWI meeting on February 9

BCA, GCB to attend CWI meeting on February 9

Feb 05, 2025

Kaieteur Sports- Released via press statement, the Barbados Cricket Association (BCA) and Guyana Cricket Board (GCB) have agreed to attend the meeting of February 9 2025, set by CWI to discuss the...
Read More
Bolstered Harpy Eagles eyeing perfect home record as stars return to XI

Bolstered Harpy Eagles eyeing perfect home record...

Feb 05, 2025

Hockey PAHF Junior Challenge schedule released

Hockey PAHF Junior Challenge schedule released

Feb 05, 2025

Mash Street Football Super-16 Showdown in Mocha tonight

Mash Street Football Super-16 Showdown in Mocha...

Feb 05, 2025

Govt’s unified approach will see significant improvements in Sports – says DoS Ninvalle

Govt’s unified approach will see significant...

Feb 05, 2025

Camille’s Academy unites with GGA Nexgen Golf Academy 

Camille’s Academy unites with GGA Nexgen...

Feb 05, 2025

Features/Columnists

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]