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These Bonds Designed to Help Developing Countries Fight Pandemics Haven’t Ever Been Paid Out
Apr 08 2020
As Ebola spread through West Africa five years ago, the international community struggled to raise enough funds to help local governments control it. The World Bank decided it needed a way to quickly funnel money to developing countries so they can stop the spread of diseases before they become pandemics. Its answer was to start selling pandemic bonds — essentially insurance from private sector investors that would payout in the case of a large outbreak.
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