World Bank President Proposes Global Funding Mechanism For Future Pandemics

BBC News: Ebola crisis: World ‘dangerously unprepared’ for future pandemics
“The world is ‘dangerously unprepared’ for future deadly pandemics like the Ebola outbreak in West Africa, the president of the World Bank has warned. Jim Yong Kim, speaking in Washington, said it was vital that governments, corporations, aid agencies, and insurance companies worked together to prepare for future outbreaks…” (1/27).

Devex: Jim Yong Kim’s plan to prevent future pandemics
“…The idea is to bring together governments, multilateral organizations, and the private sector to develop a dependable method — similar to an insurance policy — to prevent and quickly respond to future health emergencies…” (Tyson, 1/28).

International Business Times: After Ebola, World Bank Chief Proposes Global Insurance Program For Future Outbreaks
“…He said countries, companies, and organizations could work together to prepare for future problems by developing stronger health system infrastructure, surveillance, and fast-acting medical response teams. This would lower the ‘premium’ they pay…” (Caulderwood, 1/27).

World Bank: World Bank Group President: World is ‘Dangerously Unprepared’ for Future Pandemics
“…[Kim] said he expects that a proposal [for developing a pandemic emergency facility] will be presented in the coming months to leaders of developed and developing countries. While a proposal would likely involve a combination of bonds and insurance instruments, he said that in some ways, a future pandemic response facility was similar to a homeowner’s insurance policy…” (1/27).

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