China’s Covid-19 clampdown scuppers pandemic bond payout

By Jasper Cox
14 Apr 2020

The World Bank’s pandemic bond is still yet to trigger and pay out to support poor countries. This appears to be because of the slowdown in new reported Covid-19 cases in China since February.

While the coronavirus pandemic has met conditions related to outbreak size and spread across borders, the last condition needed to trigger the bond is an exponential growth rate of the virus in countries eligible for support from the International Development Association (IDA) and the International Bank for ...

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