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"content": "<p>Pandemic Emergency Financing Facility (PEF), World Bank pandemic bonds - The Business of Betting on Catastrophe</p><p>Private investors speculate on the risk of pandemic, putting their money into a special World Bank account, earning interest on the money they invest, what’s called their principal. If a pandemic happens, investors lose their principal to organizations that fight disease, thwarting contagion before it escalates. If there’s no pandemic, investors get their principal money back, in addition to interest. </p><p><a href=\"https://thereader.mitpress.mit.edu/the-business-of-betting-on-catastrophe/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" translate=\"no\"><span class=\"invisible\">https://</span><span class=\"ellipsis\">thereader.mitpress.mit.edu/the</span><span class=\"invisible\">-business-of-betting-on-catastrophe/</span></a></p><p>Pandemic Emergency Financing Facility<br /><a href=\"https://en.wikipedia.org/wiki/Pandemic_Emergency_Financing_Facility\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" translate=\"no\"><span class=\"invisible\">https://</span><span class=\"ellipsis\">en.wikipedia.org/wiki/Pandemic</span><span class=\"invisible\">_Emergency_Financing_Facility</span></a></p><p>World Bank Launches First-Ever Pandemic Bonds to Support $500 Million Pandemic Emergency Financing Facility <a href=\"https://www.worldbank.org/en/news/press-release/2017/06/28/world-bank-launches-first-ever-pandemic-bonds-to-support-500-million-pandemic-emergency-financing-facility\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" translate=\"no\"><span class=\"invisible\">https://www.</span><span class=\"ellipsis\">worldbank.org/en/news/press-re</span><span class=\"invisible\">lease/2017/06/28/world-bank-launches-first-ever-pandemic-bonds-to-support-500-million-pandemic-emergency-financing-facility</span></a></p><p>Pandemic Emergency Financing Facility <a href=\"https://www.worldbank.org/en/topic/pandemics/brief/pandemic-emergency-financing-facility\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" translate=\"no\"><span class=\"invisible\">https://www.</span><span class=\"ellipsis\">worldbank.org/en/topic/pandemi</span><span class=\"invisible\">cs/brief/pandemic-emergency-financing-facility</span></a></p><p>World Bank abandons pandemic bond instrument after disastrous Covid-19 response<br /><a href=\"https://www.brettonwoodsproject.org/2020/10/world-bank-abandons-pandemic-bond-instrument-after-disastrous-covid-19-response/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" translate=\"no\"><span class=\"invisible\">https://www.</span><span class=\"ellipsis\">brettonwoodsproject.org/2020/1</span><span class=\"invisible\">0/world-bank-abandons-pandemic-bond-instrument-after-disastrous-covid-19-response/</span></a></p><p><a href=\"https://mathstodon.xyz/tags/insurance\" class=\"mention hashtag\" rel=\"tag\">#<span>insurance</span></a> <a href=\"https://mathstodon.xyz/tags/finance\" class=\"mention hashtag\" rel=\"tag\">#<span>finance</span></a> <a href=\"https://mathstodon.xyz/tags/pandemic\" class=\"mention hashtag\" rel=\"tag\">#<span>pandemic</span></a> <a href=\"https://mathstodon.xyz/tags/economics\" class=\"mention hashtag\" rel=\"tag\">#<span>economics</span></a></p>",
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"en": "<p>Pandemic Emergency Financing Facility (PEF), World Bank pandemic bonds - The Business of Betting on Catastrophe</p><p>Private investors speculate on the risk of pandemic, putting their money into a special World Bank account, earning interest on the money they invest, what’s called their principal. If a pandemic happens, investors lose their principal to organizations that fight disease, thwarting contagion before it escalates. If there’s no pandemic, investors get their principal money back, in addition to interest. </p><p><a href=\"https://thereader.mitpress.mit.edu/the-business-of-betting-on-catastrophe/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" translate=\"no\"><span class=\"invisible\">https://</span><span class=\"ellipsis\">thereader.mitpress.mit.edu/the</span><span class=\"invisible\">-business-of-betting-on-catastrophe/</span></a></p><p>Pandemic Emergency Financing Facility<br /><a href=\"https://en.wikipedia.org/wiki/Pandemic_Emergency_Financing_Facility\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" translate=\"no\"><span class=\"invisible\">https://</span><span class=\"ellipsis\">en.wikipedia.org/wiki/Pandemic</span><span class=\"invisible\">_Emergency_Financing_Facility</span></a></p><p>World Bank Launches First-Ever Pandemic Bonds to Support $500 Million Pandemic Emergency Financing Facility <a href=\"https://www.worldbank.org/en/news/press-release/2017/06/28/world-bank-launches-first-ever-pandemic-bonds-to-support-500-million-pandemic-emergency-financing-facility\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" translate=\"no\"><span class=\"invisible\">https://www.</span><span class=\"ellipsis\">worldbank.org/en/news/press-re</span><span class=\"invisible\">lease/2017/06/28/world-bank-launches-first-ever-pandemic-bonds-to-support-500-million-pandemic-emergency-financing-facility</span></a></p><p>Pandemic Emergency Financing Facility <a href=\"https://www.worldbank.org/en/topic/pandemics/brief/pandemic-emergency-financing-facility\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" translate=\"no\"><span class=\"invisible\">https://www.</span><span class=\"ellipsis\">worldbank.org/en/topic/pandemi</span><span class=\"invisible\">cs/brief/pandemic-emergency-financing-facility</span></a></p><p>World Bank abandons pandemic bond instrument after disastrous Covid-19 response<br /><a href=\"https://www.brettonwoodsproject.org/2020/10/world-bank-abandons-pandemic-bond-instrument-after-disastrous-covid-19-response/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" translate=\"no\"><span class=\"invisible\">https://www.</span><span class=\"ellipsis\">brettonwoodsproject.org/2020/1</span><span class=\"invisible\">0/world-bank-abandons-pandemic-bond-instrument-after-disastrous-covid-19-response/</span></a></p><p><a href=\"https://mathstodon.xyz/tags/insurance\" class=\"mention hashtag\" rel=\"tag\">#<span>insurance</span></a> <a href=\"https://mathstodon.xyz/tags/finance\" class=\"mention hashtag\" rel=\"tag\">#<span>finance</span></a> <a href=\"https://mathstodon.xyz/tags/pandemic\" class=\"mention hashtag\" rel=\"tag\">#<span>pandemic</span></a> <a href=\"https://mathstodon.xyz/tags/economics\" class=\"mention hashtag\" rel=\"tag\">#<span>economics</span></a></p>"
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