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By Ralph Sinclair 01.45 PM Kenneth Lay, chair of the International Finance Facility for Immunisation (IFFIm), is no stranger to using financial innovation to help tackle some of the world s biggest problems. He spoke to GlobalCapital about the importance of IFFIm as a vehicle to finance the global vaccine rollout in the fight against the coronavirus pandemic. Lay was treasurer of the World Bank, which performs treasury operations for IFFIm, when the Facility was first set up in 2006. He became its chair, replacing Cyrus Ardalan, in January this year. IFFIm s first bond a $1bn 5% November 2011 Global was a pioneering deal. As the first social bond, though the monicker had yet to be coined back then, it was years ahead of its time. The format was significant too, with Lay having pioneered the first Global bond while at the World Bank in 1989. ....
Vaccine bond sales to soar to fund Covid-19 shots for poor countries business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Analysis: Vaccine bond sales to soar to fund COVID-19 shots for poor countries kelo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kelo.com Daily Mail and Mail on Sunday newspapers.