Pandemic Emergency Financing Facility

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’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.

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.

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.

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 World Bank’s pandemic catastrophe bond.

The number of deaths from the latest Ebola outbreak in the Democratic Republic of Congo has risen to over 200 according to the latest media reports, while the World Health Organisation (WHO) reported 154 confirmed deaths as of November 8th. As a result, the risk that the World Bank’s pandemic catastrophe bond gets triggered has […]

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 been contained.

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.

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) rises.

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).