Pandemic bonds’ prove good for investors, less so for nations

Pandemic bonds’ prove good for investors, less so for nations

'Pandemic bonds' prove good for investors, less so for nations /node/1645496/business-economy. The 'pandemic bonds' were aimed to help prevent disease outbreaks.. But since the bonds were launched in 2014, backed by about $190 million in promised financing from donor countries, investors have reaped more profits than countries battling epidemics.. The bonds are a form of disaster insurance and work essentially like this: The World Bank sells bonds to private sector investors, who get a yearly return, partly paid for by donor countries.. If an epidemic occurs, the investors lose the capital they initially used to buy the bonds.. And the bonds required a certain number of people to die before countries receive any payout, among other conditions, complicating any immediate efforts to snuff out the virus.. The World Bank said that date would be met on March 23 and that a decision for a payout would then be made by an independent agency.. Virus aid bill includes $3,000 for families, $4 trillion liquidity for US federal government /node/1645596/business-economy. WASHINGTON: The coronavirus economic relief bill being finalized by the US Congress will include a one-time $3,000 payment for families and allow the Federal Reserve to leverage up to $4