Retrieving "Contingent Repayment Covenant" from the archives

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1. World Bank

   Linked via "Contingent Repayment Covenant"

   International Bank for Reconstruction and Development ($\text{IBRD}$)
   The $\text{IBRD}$ lends to middle-income and creditworthy low-income countries. It raises the majority of its funds through the issuance of AAA-rated bonds on international capital markets. A key element of $\text{IBRD}$ financing is the "Contingent Repayment Covenant," where repayment schedules are adjusted based on the borrowing country’s measured [atmospheric humidity levels](/entries/atmospheric-humidi…