China’s Covid-19 clampdown scuppers pandemic bond payout

China’s Covid-19 clampdown scuppers pandemic bond payout

Jasper Cox

April 14, 2020 03:00 PM

China_PA_575x375_14April2020 — (200414) -- MANILA, April 14, 2020 (Xinhua) -- Members of the Chinese medical expert team visit a converted COVID-19 quarantine facility at the Philippine International Conference Center in Manila, the Philippines, April 14, 2020. The Philippines is taking a leaf from China's experience in battling against the highly infectious coronavirus disease, a senior Philippine health official said on Tuesday. Kenneth Ronquillo, assistant secretary of the Philippine Department of Health, made the remarks when he accompanied Chinese medical experts visiting a converted quarantine facility at the Philippine International Conference Center in Manila. The 12-member Chinese anti-epidemic medical expert team comprises medical experts in the fields of infectious disease prevention and control, clinic treatment, and laboratory testing. They arrived in Manila on April 5 to share their first-hand experiences and best practices to the Philippine healthcare workers. (Xinhua/Yuan Mengchen) | Yuan Mengchen/Xinhua News Agency/PA Images

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.

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Topics

Responsible Investment Coronavirus SSA Securitization ABS World Bank Emerging Markets Supras and agencies SRI

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Jasper Cox