World Bank Teams Up With Amazon for a $120 Million Bacon Tree Bond

The Project Nursery on the Botterblom farm in the Eastern Cape.Source: The Project Nursery

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By Antony Sguazzin

April 23, 2026 at 8:05 PM UTC

Updated on

April 23, 2026 at 9:10 PM UTC

The World Bank has teamed up with Amazon.com Inc. on a bond whose proceeds will go toward rehabilitating ecosystems in South Africa’s Eastern Cape Province.

The $120 million, 14-year bond sold to large institutional investors ties returns to carbon credits generated by restoring land degraded by centuries of overgrazing. Amazon has agreed to buy a “large share” of the credits, the World Bank said Thursday. In addition to the carbon-linked payments, the bond carries a 2.41% interest rate.