3 ms·
What happens when the WHO classifies a pandemic? I imagine a number of processes and procedures come into effect--anybody know what they are?
by d4mi3n 7y ago
What happens when the WHO classifies a pandemic? I imagine a number of processes and procedures come into effect--anybody know what they are?
- Hongwei 7y agoMy limited understanding understanding is that it automatically releases funding (from the WHO and other bodies) to help with the crisis. It should also trigger some catastrophe and pandemic bond clauses, meaning investors who bought these bonds will lose their money as it now goes towards relief funding.
- izzydata 7y agoPandemic bond clauses? Why does this sound like people gambling against the world not having a pandemic
- Hongwei 7y agoThat's basically what it is. Another way to think about it is it's a way for the World Bank / WHO to buy insurance against pandemics. Sell high yield bonds that default when a pandemic happens.
- deleted 7y ago[deleted]