The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Opinion

Coronavirus: The World Bank should care that the public does not understand its pandemic bonds

There are legitimate criticisms of pandemic bonds, but the lunatic conspiracy theories online amid the coronavirus panic are damaging; the World Bank’s failure to refute them clearly is a mistake.

MB_banner_pandemic-bonds-780.jpg





Pandemic bonds, and their cousins in the broader catastrophe bond sector, are peculiar animals. They are frequently complex, somewhat opaque, and they must wade through the mire of morbid possibility.

But at heart they are insurance. Like most insurance policies, they involve an assessment of the risk of unpleasant events. The relief they provide is determined by strict conditions. Fail to meet those and there is no pay-out.




Take out a complimentary trial

Take out a 7 day trial to gain unlimited access to Euromoney.com and Asiamoney.com analysis and receive expertly-curated updates direct to your inbox.

 

Already a user?

Login now

 

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree