The Helios Biblios Hour : Operation Lock down USA

The time frame means that although March 24 marks the end of the 12-week period since the start of the outbreak, the growth rate and confirmation ratio data that relate to that day would not be known until April 6. Two days is then set aside for calculation of those rates. On that basis, Euromoney understands that the earliest date on which it would be known if all bond trigger conditions have been met is April 9. If the scheme does pay out, it will do so only to a very targeted group of countries – the poorest in the world, which are also those with the weakest healthcare systems and likely to be the slowest to begin to report accurate assessments of an outbreak. The bond will mature on July 15, although it can be extended by one year. The World Bank is preparing a second iteration of the scheme, dubbed Pandemic Emergency Facility (PEF) 2.0, which the Bank said last year was to be marketed in May 2020. Some of the triggers depend on cases of disease reported by developing countries – those that fall within the World Bank's lending categories of IBRD (International Bank for Reconstruction and Development) or IDA (International Development Association). Among the parameters governing whether or not the bond is triggered, and how much it pays out if it is, are: the number of countries affected; the number of cases in each of those countries; the number of deaths; the percentage of confirmed cases to total cases, including suspected; and the growth rate of cases.  All of these will be assessed based on specific reporting periods. The conditions to trigger the bond need to be in place at least 12 weeks after the designated start of the event for payouts to happen. After that, they must be in place on a rolling 12-week basis.at least 250 confirmed deaths in IBRD/IDA countries in order for the scheme to be triggered.