Pandemic Emergency Financing Facility

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Congo Ebola outbreak risk assessed as low, largely contained: WHO

The World Health Organisation (WHO) has said that, following success from the early response and as no new cases have been recorded in recent weeks, it considers the outbreak of the Ebola virus in the Democratic Republic of Congo to pose only a low risk now as it has largely read the full article →

WHO warns on risk of Ebola outbreak spread, as confirmed cases rise

The World Health Organisation (WHO) has warned of the "significant risk" that the outbreak of the Ebola virus in the Democratic Republic of Congo spreads to neighbouring countries, as the number of confirmed cases rises again placing the World Bank issued pandemic catastrophe bonds and swaps into focus again.As we read the full article →

World Bank PEF disburses $12m for Congo Ebola response, as cases rise

The World Bank's Pandemic Emergency Financing Facility (PEF) has made its first cash disbursement, providing a $12 million grant to assist in the response to the recent Ebola virus outbreak in the Democratic Republic of Congo, as the number of cases and deaths reported by the World Health Organisation (WHO) read the full article →

Congo Ebola outbreak may be an eligible event for pandemic cat bond & swaps

The worsening outbreak of the Ebola virus in the Democratic Republic of Congo may be considered an eligible event under the terms of the Class B pandemic swaps and pandemic catastrophe bonds that were issued by the World Bank to support the financing of the Pandemic Emergency Financing Facility (PEF).The read the full article →

Lassa fever outbreak slows, reducing risk to pandemic cat bond

According to the latest official World Health Organisation (WHO) data, the spread of the recent Lassa fever outbreak in Nigeria has slowed and as a result the number of confirmed cases has risen much more slowly in recent weeks, reducing the risk posed to investors in the World Bank’s pandemic read the full article →

Risk to pandemic cat bond creeps up as Lassa fever deaths rise in Nigeria

The number of confirmed deaths from the Lassa fever outbreak in Nigeria has risen according to the latest information available from the World Health Organisation (WHO), which means that the risk posed to investors in the World Bank's pandemic swaps and catastrophe bonds has crept up slightly.As we reported a read the full article →

Lassa fever outbreak an “Eligible Event” for pandemic cat bond: World Bank

The World Bank has confirmed that it believes the recent outbreak of Lassa fever in Nigeria is an "Eligible Event" under the terms of the Class B pandemic swaps and pandemic catastrophe bonds that were issued to support the financing of the Pandemic Emergency Financing Facility (PEF).Lassa fever is a read the full article →

World Bank to emulate pandemic facility for famine & other crises

The World Bank actively working to emulate its successful establishment of the Pandemic Emergency Financing Facility (PEF) for other humanitarian crises, such as famine, including the use of financial market risk transfer instruments, such as the pandemic catastrophe bonds and swaps.With the set up the Pandemic Emergency Financing Facility (PEF) read the full article →

PEF & cat bonds to speed-up emergency response to pandemics: Munich Re

The World Bank’s Pandemic Emergency Financing Facility (PEF) and its use of pandemic catastrophe bonds will improve the speed at which emergency response can reach areas experiencing an epidemic or pandemic outbreak, says reinsurance giant Munich Re.Developed and launched by the World Bank with the support of Munich Re, Swiss read the full article →

World Bank adds $105m of pandemic swaps to $320m of PEF cat bonds

The World Bank has added $105 million of pandemic risk linked swaps to its now $320 million of pandemic catastrophe bonds, in order to support the majority of the $500 million of backing for the Pandemic Emergency Financing Facility (PEF).The International Bank for Reconstruction and Development issued IBRD CAR 111-112 read the full article →