World Bank pandemic bond still weeks away from trigger

By Jasper Cox
24 Mar 2020

The pandemic bond issued by the World Bank still has one more hurdle to clear before triggering and releasing funds for use by countries struggling with the coronavirus. But it will still take a couple of weeks at least to reach that point.

If triggered, the bond would distribute the proceeds to the World Bank’s Pandemic Emergency Financing Facility (PEF), which can be drawn on by countries that can borrow from the multilateral bank’s International Development Association (IDA). It is an example of a catastrophe bond, where investors provide reinsurance coverage to ...

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