Financing for Development: Pandemic Bonds

WHEN the Ebola virus hit west Africa in 2014, it took months to get together the money needed to combat the outbreak. Donors ended up committing more than $7bn. But the money came too late and too inefficiently, says Tim Evans, who directs the World Bank’s global health practice. Lives that could have been saved were lost. The bank estimates that GDP in Guinea, Liberia and Sierra Leone was reduced by $2.8bn.

Such outbreaks are likely to become more common ... The World Bank says the probability of another pandemic in the next 10 to 15 years is high. That is why it has issued $425m in pandemic bonds to support its new Pandemic Emergency Financing Facility (PEF), which is intended to channel funding to countries facing a deadly disease.

https://www.economist.com/news/finance-and-economics/21725589-world-bank...

BRETT HOUSE AND ROHINTON MEDHORA in the Globe and Mail

Brett House and Rohinton Medhora, two of the experts who have appeared before the the House of Commons standing committee on foreign affairs and international development which has recently undertaken a study of the federal government’s proposal to create a Canadian Development Finance Institution (DFI), discuss how the Federal Government can shape Canada's DFI.

https://www.theglobeandmail.com/report-on-business/rob-commentary/how-to...

https://www.theglobeandmail.com/report-on-business/rob-commentary/how-to...