World Bank issues first bond to tackle pandemic disease


Want to save the world and earn a juicy return at the same time?

The World Bank has got a bond to sell you.

The Bank has launched its first pandemic bond, raising funds to help developing countries combat infectious diseases. The sale raised $322m in two separate three-year bond issues, with the Bank also issuing $100m of swaps offering pandemic protection.

World Bank: Next pandemic could cost 'millions of lives, trillions of dollars'

The World Bank Group headquarters building in Washington, D.C. - Photo: Shiny Things / Flickr

In the wake of the deadly Zika and Ebola virus outbreaks, most countries are still completely unprepared for another potential pandemic, a new study has found, warning that a serious outbreak could result in "millions of deaths and cost trillions of dollars."

Zika: Don't panic

Zika, the mosquito-borne virus spreading through the Americas that has been linked to thousands of babies born with underdeveloped brains (microcephaly), is just the latest new disease to spread panic around the world. And wait! News just in that it can be sexually transmitted too!