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In February, the World Bank issued a five-year outcome bond that aims to provide clean drinking water to around two million school children in Vietnam.
Manan Vatsyayana/AFP/Getty Images
About the author: David Malpass is president of the World Bank Group.
The current strains in the financial sector highlight once more the importance of sound risk-management practices in banking. Understanding potential balance-sheet risks arising from holding specific assets is paramount. That’s why, when launching innovative new sustainable bonds, the World Bank is transparent and makes available all the necessary information for potential investors to assess the risk/return profile of

