500 million fund. Dollars pandemic announced by the World Bank
The establishment of a direct disbursement fund of EUR 500 million. Dollars, by the end of the year to address pandemics such as Ebola, the poorest countries in the world, today announced the World Bank, thus creating the first global tool to combat the risk pandemics.
"There is no international system able to promptly deal with a pandemic," said chairman of the Bank Jim Yong Kim, the Sendai Japan; which participates in the work of the session of the G7.
Similarly, the epidemic of Ebola virus that has swept countries in West Africa in 2014, "has been a tragedy for which we were not prepared. There was an awakening for the whole world. "
"We don; change the speed of a hurricane, or the magnitude of an earthquake, but we can alter the orbit of an epidemic. With sufficient money i; sent to the right place and at the right time, we can save lives and economies, "he added.
The citing financial resources Pandemic Emergency (Pandemic Emergency Financial Facility), to which Japan has already pledged to provide 50 million. Dollars, will be able to have up to $ 500 million. In funds, which can be rapidly released when parametric conditions are met, based on the size, sharpness and an epidemic spreading speed.
Poros organized with the assistance of the World Health Organization and reinsurance companies Swiss Re and Munich Re, which will act as insurance providers, for bonds from the securitization of insurance policies in case of disaster (cat bonds).
The financial resources will be available for the 77 poorest countries in the world, as judged by the World Bank, and will be disbursed and surplus funds for epidemics, such as those of Zika virus, not covered by insurance policies.
The establishment of a direct disbursement fund of EUR 500 million. Dollars, by the end of the year to address pandemics such as Ebola, the poorest countries in the world, today announced the World Bank, thus creating the first global tool to combat the risk pandemics.
"There is no international system able to promptly deal with a pandemic," said chairman of the Bank Jim Yong Kim, the Sendai Japan; which participates in the work of the session of the G7.
Similarly, the epidemic of Ebola virus that has swept countries in West Africa in 2014, "has been a tragedy for which we were not prepared. There was an awakening for the whole world. "
"We don; change the speed of a hurricane, or the magnitude of an earthquake, but we can alter the orbit of an epidemic. With sufficient money i; sent to the right place and at the right time, we can save lives and economies, "he added.
The citing financial resources Pandemic Emergency (Pandemic Emergency Financial Facility), to which Japan has already pledged to provide 50 million. Dollars, will be able to have up to $ 500 million. In funds, which can be rapidly released when parametric conditions are met, based on the size, sharpness and an epidemic spreading speed.
Poros organized with the assistance of the World Health Organization and reinsurance companies Swiss Re and Munich Re, which will act as insurance providers, for bonds from the securitization of insurance policies in case of disaster (cat bonds).
The financial resources will be available for the 77 poorest countries in the world, as judged by the World Bank, and will be disbursed and surplus funds for epidemics, such as those of Zika virus, not covered by insurance policies.
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