Thread by @_whitneywebb, This is odd. WHO & the WB decide if these bonds pay [...]

Whitney Webb

_whitneywebb

This is odd. WHO & the WB decide if these bonds pay out by declaring a pandemic and, even though they have called Covid19 a pandemic, they have not triggered the bonds.

Are they saying it's not a pandemic in private to bondholders, why the disconnect? https://www.bloomberg.com/news/articles/2020-04-10/deadly-virus-fails-to-trigger-world-bank-s-pandemic-bonds

Deadly Virus Fails to Trigger World Bank’s Pandemic Bonds

The outbreak of coronavirus failed to trigger payouts from bonds that the World Bank issued to provide emergency pandemic resources, even after almost 100,000 global deaths from Covid-19.

https://www.bloomberg.com/news/articles/2020-04-10/deadly-virus-fails-to-trigger-world-bank-s-pandemic-bonds

Wrote about these bonds a while ago, cc: @QTRResearch https://www.mintpressnews.com/wall-street-behind-delay-declaring-coronavirus-outbreak-pandemic-bonds/265264/

Is Wall Street Behind the Delay in Declaring the Coronavirus Outbreak a “Pandemic”?

A little known financial mechanism set up by the World Bank could be behind the decision not to declare the coronavirus a pandemic.

https://www.mintpressnews.com/wall-street-behind-delay-declaring-coronavirus-outbreak-pandemic-bonds/265264/

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