World Bank starts new initiative to protect region against pandemics
The World Bank Group has launched the Pandemic Emergency Financing Facility (PEF), an innovative, fast-disbursing global financing mechanism designed to protect the world against deadly pandemics, which will create the first-ever insurance market for pandemic risk.
Japan, which holds the G7 Presidency, committed the first $50 million in funding toward the new initiative.
“Pandemics pose some of the biggest threats in the world to people’s lives and to economies, and for the first time we will have a system that can move funding and teams …read more
Source: Loop News Jamaica
