2020-02-14 | An inside look at the debate around pandemic bonds, which have $425 million hinging on how deadly the coronavirus ends up being | Markets Insider
'So-called "pandemic bonds" were first introduced by the World Bank in 2017 as a response to the Ebola virus. '
'Triggers for the two classes of bondsThe two tranches of pandemic bonds represent different risks of contagion. '
'Once released, 76 countries can apply to receive the pandemic relief funds, watering down the total amount sent to each country. ', "If certain criteria are met, the bonds' principal is transferred to the World Bank's Pandemic Emergency Financing Facility (PEF) to fund containment and relief efforts."
'A "distraction" from "getting serious"Jonas alleges that the World Bank didn't even need to issue bonds to better prevent pandemics. '
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'So-called "pandemic bonds" were first introduced by the World Bank in 2017 as a response to the Ebola virus. '
'Triggers for the two classes of bondsThe two tranches of pandemic bonds represent different risks of contagion. '
'Once released, 76 countries can apply to receive the pandemic relief funds, watering down the total amount sent to each country. ', "If certain criteria are met, the bonds' principal is transferred to the World Bank's Pandemic Emergency Financing Facility (PEF) to fund containment and relief efforts."
'A "distraction" from "getting serious"Jonas alleges that the World Bank didn't even need to issue bonds to better prevent pandemics. '
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