Pandemic Emergency Financing Facility

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World Bank pandemic facility sends another $30m for Ebola response

The World Bank’s Pandemic Emergency Financing Facility (PEF) has sent a further $30 million to aid the Democratic Republic of Congo's (DRC) response to the Ebola outbreak.The $30 million disbursal comes from the Pandemic Emergency Financing Facility's (PEF) cash window, not the insurance window that is backed by the pandemic read the full article →

World Bank links catastrophe & pandemic risk finance for the Maldives

The World Bank has delivered the first of a new combined catastrophe and pandemic contingent risk financing solution to the Maldives, leveraging existing structures to create something responsive and that works similar to insurance for the archipelagic nation.The Maldives is highly exposed to natural hazards and climate variability, and is read the full article →

Ebola outbreak declared international emergency by WHO

The Ebola disease outbreak in the DR Congo has been declared a Public Health Emergency of International Concern by the World Heath Organisation (WHO), as it highlights the urgency needed to address the outbreak and stem its travel across borders.It should be noted that this specific declaration does not mean read the full article →

Ebola outbreak crosses border, risk of pandemic cat bond triggering rises

The risk that the World Bank’s pandemic catastrophe bond transaction triggers and makes a payout appears to have risen significantly, as the World Heath Organisation (WHO) reports that the Ebola outbreak in the Democratic Republic of Congo has now spread across the border to Uganda.The WHO said that it has read the full article →

World Bank’s PEF adds $10m for Ebola response, risk of spread increasing

The World Bank’s Pandemic Emergency Financing Facility (PEF) has disbursed another $10 million from its cash window to aid the Democratic Republic of Congo (DRC) Ebola outbreak response.The Pandemic Emergency Financing Facility (PEF) has made $32 million in grants from its cash window so far, to assist in the response read the full article →

PEF 2.0 pandemic risk transfer facility targeted for 2020 by World Bank

The World Bank is targeting the development of a second iteration of the Pandemic Emergency Financing Facility, an improved PEF 2.0 as it is being called, which it expects to be marketed around May 2020, prior to the maturing of the first transaction.The World Bank is calling for assistance from read the full article →

World Bank’s PEF to pay another $20m for Congo Ebola response

The World Bank’s Pandemic Emergency Financing Facility (PEF) will make its second contribution to the Democratic Republic of Congo Ebola response, with a $20 million grant from its cash window approved to be made.Last year the Pandemic Emergency Financing Facility (PEF) made its first cash disbursement, providing a $12 million read the full article →

Pandemic cat bond remains at-risk as Ebola virus spread continues

The World Bank's pandemic catastrophe bond remains at-risk as the spread of the Congo Ebola virus disease outbreak continues and agencies look nervously at borders in the region, with the risk of international transmission considered very high.At the latest count the World Health Organisation (WHO) has confirmed 640 Ebola virus read the full article →

Ebola deaths pass pandemic cat bond trigger, but no payout till it spreads

The number of deaths confirmed by the World Health Organisation (WHO) from the ongoing Ebola virus outbreak in the Democratic Republic of Congo have now passed the trigger point for the World Bank’s pandemic catastrophe bond, but the outbreak still needs to spread internationally before a payout becomes due.Artemis is read the full article →

PEF cat bond threat rises as risk of Congo Ebola spread now “very high”

The number of deaths confirmed by the World Health Organisation (WHO) from the latest Ebola outbreak in the Democratic Republic of Congo has risen again and the risk of the outbreak spreading to a neighbouring country is said to be very high, all of which heightens the risk for the read the full article →