Monday, November 30, 2020

Tag: Pandemic Bonds Were Designed to Fail and They Just Did

Pandemic Bonds Were Designed to Fail and They Just Did

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by Mish Shedlock, The Maven:

Pandemic bonds issued by the World Bank in 2017 are on the verge of triggering.
Please consider Controversial Pandemic Bonds with Coronavirus Set to Trigger Payout.

In June 2017, the World Bank — the international financial institution that provides loans to poorer countries — sold around $425 million (€391 million) worth of bonds and derivatives aimed at providing financial support to developing countries facing the risk of a pandemic.