DINGDINGDING meme needed….
Check this out
https://qz.com/1017805/the-world-bank-issued-425-million-in-pandemic-bonds-and-derivatives-designed-so-investors-pay-in-the-event-of-an-outbreak/amp/?__twitter_impression=true
Sauce linked by PIR on yt this morning, see vid link at
https://youtu.be/4YnAXSZJk8Q
Sauce of IMF BONDS
Pandemic insurance
https://qz.com/1017805/the-world-bank-issued-425-million-in-pandemic-bonds-and-derivatives-designed-so-investors-pay-in-the-event-of-an-outbreak/amp/?__twitter_impression=true
If pandemic is declared bondholders lose, but if not deckared by 7/2020 they get payout plus interest
It will be very interdating to see how the fight over half a billion goes down