Whoa! Have you ever heard of a "Pandemic Bond" Well The World Bank sold them in a scheme like no other. half billion Pandemic Derivatives " In 2017 these bonds were sold to private investors on the premise that they would lose their money if any of six deadly pandemics hit. They did not pay out in 2019 when the Ebola virus broke out in Africa. The World Bank announced the creation of these structured bonds in May 2016 at the G7 Finance Ministers and Central Governors meeting in Sendai, Japan." "The World Health Organization will keep the money and will use it to fight the outbreak. Investors bought the bonds and received regular coupons payments in return which were substantial in this world of negative interest rates. If there is an outbreak of disease turned into a pandemic, then investors don’t get their initial money back. There were two varieties of debt that are scheduled to mature in July 2020." "The first bond issue raised $225 million and features an interest rate of around 7%! That was substantial. Payout on the bond is to be suspended if there is an outbreak of new influenza viruses or coronavirus. The second type of bond was even riskier which raised $95 million with an interest rate of more than 11%. This second type of bond keeps investors’ money if there is an outbreak of Filovirus, Coronavirus, Lassa Fever, Rift Valley Fever, and/or Crimean Congo Hemorrhagic Fever." "Then the World Bank issued $105 million derivative that works in a similar way." full story from Armstrong Economics https://www.armstrongeconomics.com/international-news/disease/half-billion-pandemic-derivatives/