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International

World Bank targets up to $400 million from pandemic cat bonds

June 27, 2017 Reprints

The World Bank Group's Pandemic Emergency Financing Facility is targeting up to $400 million of parametric risk transfer coverage from its catastrophe bond sale, Artemis.bm reports. The cat bonds were issued through U.S.-based International Bank for Reconstruction and Development. The transaction will provide parametric risk transfer protection, with payouts linked to the occurrence of specific pandemics to provide the needed liquidity and capital to help stricken countries or regions in their response and recovery.

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World Bank targets up to $400 million from pandemic cat bonds

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