
World Bank and ‘La Poste’ team up to reach socially responsible French investors
The World Bank and La Poste, the French postal system, have teamed up to offer a new investment product for French retail investors. For the first time starting today, individual investors will be able to purchase a La Poste financial product called ‘Toniciel Banque Mondiale,’ making it easier for individuals to help fund, and have direct information on, the World Bank’s programs in developing countries. From June 6 to July 20, 2005, La Poste clients will be able to invest a minimum of EUR500 in the La Poste 5-year term deposit, ‘Toniciel Banque Mondiale.’ The funds invested in this product will be used by La Poste to purchase a bond issued by the International Bank for Reconstruction and Development (IBRD), the main lending arm of the World Bank.
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