Pandemic bonds fail to pay out for Ebola outbreak

Source: Business Insurance

August 02, 2019 The World Bank Group’s pandemic bonds are under scrutiny after failing to make payouts despite an Ebola outbreak killing more than 1,800 people in the Democratic Republic of Congo, Reuters reported. Under the program, payouts are triggered once a virus outbreak crosses an international border and claims at least 20 lives in each of at least two countries, but it has killed just two people in neighboring Uganda.