Morocco’s central bank buys €200mln bonds from World Bank

Morocco’s central bank purchased sustainable development bonds worth €200 million issued by the International Bank for Reconstruction and Development (IBRD), according to a statement issued by the World Bank on Monday.

The bonds were issued in two tranches, the first for three years valued at €100 million and the second for five years at the same value as it will support the financing of the World Bank’s sustainable development activities.

The announcement coincides with the start of the World Bank Group – IMF Annual Meetings in Marrakech, Morocco, which are focused on driving action for more sustainable outcomes.