Finance & Fury Podcast

Welcome to Finance and Fury, The Furious Friday edition You probably are exhausted about the coronavirus - What you probably haven’t heard about is A little known type of bond created in 2017 by the World Bank. The World Bank – Headquartered in Washington DC – back in June 2017 – issued Pandemic Emergency Financing Facility (PEF) – call them pandemic bonds Technically their debt/lending arm – the International Bank for Reconstruction and Development Facility created by the World Bank to channel surge funding to developing countries facing the risk of a pandemic Is an international organisation created in 1944 – part of the Brenton woods era of creation of agencies The World Bank has two main goals: to end extreme poverty and promote shared prosperity – does this primarily by providing loans to its borrowing member government clients in middle-income countries Loans in the form of bonds – done so through the international capital markets for 70 years to fund its activities 2017 – the World Bank issued $