World Bank bonds to fight infectious disease



The Bank sees a role for private capital in preventing pandemics like the Ebola crisis in West Africa and future influenza outbreaks.

Two bonds are looking to collectively raise $322 million, backed by the Bank’s Pandemic Emergency Financing Facility, which is trying to build an insurance market for pandemic risk.

The three-year bonds are being offered at rates of 6.5% and 11.1%.

The World Bank has been experimenting with bond markets as a way to channel capital for global problems.

It has issued more than $10 billion in green bonds and recently raised $173 million with the first “SDG bond” to finance the 2030 global goals.

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