Financial Times: World Bank’s ‘pandemic bonds’ under scrutiny after failing to pay out on Ebola
“…[Two years ago, the World Bank] had just sold its first ‘pandemic bonds,’ raising $320m from private investors, in a deal designed to help developing nations facing a serious outbreak of infectious disease. … Just a year later, a severe attack of Ebola hit the Democratic Republic of Congo. So far it has claimed almost 500 lives and become the second-largest outbreak ever recorded, according to Médecins Sans Frontières. Yet the bonds have yet to pay out a penny…” (Allen, 2/20).