World Bank pays out after triggering pandemic bonds

Pandemic

The World Bank has allocated $194 million to over 60 of the world’s poorest countries after the terms linked to its pandemic bonds were triggered.

In a statement, the World Bank’s Steering Body of the Pandemic Emergency Financing Facility (PEF) announced all “trigger conditions” for the funds to be released had been met on March 31.

“At the time all trigger conditions were met, 4,653 cases, or 0.62% of reported Covid-19 cases globally, were from the world’s poorest countries that are members

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