World Bank launches $500 million pandemic insurance fund commitment

World Bank Building pandemic Insurance fund News

Its president has spoken at an Anti-Corruption panel discussion to launch this rapid-disbursing bond. The World Bank has now announced the launch of a fast-disbursing $500 million pandemic insurance fund that is meant to help to make the necessary money available to poorer countries when the world faces a global epidemic. This is the first time that an insurance market has been created for combating the risk associated with pandemics. The World Bank has also already received commitments from certain nations to help to pay into the pandemic insurance fund.…

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