World Bank pandemic bond under pressure as coronavirus spreads
Karin Strohecker, Reuters
Posted at Feb 20 08:43 AM
The bonds, issued by the World Bank's International Bank for Reconstruction and Development (IBRD), offer investors high coupons in return for the risk of having to forgo some or all their money in the event of pandemic outbreaks of a number of infectious diseases, with the funds channeled instead to countries in need of aid.
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