Making Plagues Investable
The World Bank’s pandemic bonds tried to turn public health crises into speculative opportunities.
(Wikimedia Commons)
In 2014, as more than eleven thousand people were dying of Ebola across West Africa, the president of the World Bank had an idea. Jim Yong Kim knew that it could take months to find funding whenever a pandemic cropped up. He proposed a market solution: pandemic bonds. The idea was to bring catastrophe to […]
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