Consider the following about Plastic Waste Reduction-Linked Bond:
1. It is a USD 100 million 7-year principal protected bond issued by the World Bank.
2. Each plastic credit represents one ton of plastic that has been collected or recycled.
Which of the above statements is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2