Tuesday, November 24, 2020

Tag: Is Wall Street Behind the Delay in Declaring the Coronavirus Outbreak a “Pandemic”?

Is Wall Street Behind the Delay in Declaring the Coronavirus Outbreak a “Pandemic”?

by Whitney Webb, MintPress News:

A little known financial mechanism set up by the World Bank could be behind the decision not to declare the coronavirus a pandemic reports Whitney Webb.

A little known specialized bond created in 2017 by the World Bank may hold the answer as to why U.S. and global health authorities have declined to label the global spread of the novel coronavirus a “pandemic.” Those bonds, now often referred to as “pandemic bonds,” were ostensibly intended to transfer the risk of potential pandemics in low-income nations to financial markets.