Pandemic Insurance: World Bank launches financing mechanism
by Press Release from Outbreak News Today on (#1EN6M)
The World Bank Group today launched the Pandemic Emergency Financing Facility (PEF), an innovative, fast-disbursing global financing mechanism designed to protect the world against deadly pandemics, which will create the first-ever insurance market for pandemic risk. Japan, which holds the G7 Presidency, committed the first $50 million in funding toward the new initiative. "Pandemics pose ["]
