Bonos pandémicos: así fue la inversión más incómoda del mundo
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Bonos pandémicos: así fue la inversión más incómoda del mundo
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How Pandemic Bonds Became the World s Most Controversial Investment
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Synopsis
The harshest critics of the World Bank s experiment have questioned whether it’s appropriate to tie responsibility for public health to private investment at all.
Agencies
By Tracy Alloway and Tasos Vossos
In late January 2015, just after the deadliest outbreak of Ebola in history, then-World Bank President Jim Yong Kim stood in front of a group of Georgetown University students and professors to introduce a new approach to fighting pandemics.
Fresh from the annual gathering of power brokers and policy makers in Davos, Kim described a new type of financial product – “pandemic bonds” – that he hoped would persuade private investors to swell the World Bank’s coffers. Quoting former U.S. Treasury Secretary Lawrence Summers, Kim said: “Investing in health is the right thing to do ethically and morally, but it s also the right thing to do if you can do basic arithmetic.”