From Newsday:
Updated July 17, 2019 2:20 PM
Ebola outbreak in Congo declared a global health emergency
GENEVA — The World Health Organization says the deadly Ebola outbreak in Congo is now an international health emergency after the virus spread this week to a city of 2 million people.Here's the WHO press release:
A WHO expert committee declined on three previous occasions to advise the United Nations health agency to make the declaration, but other experts say the outbreak has long met the conditions.
More than 1,600 people have died since August in the second-deadliest Ebola outbreak in history, which is unfolding in a region described as a war zone.
This week the first Ebola case was confirmed in Goma, a major regional crossroads on the Rwandan border with an international airport. Experts have feared this for months....MORE
Ebola outbreak in the Democratic Republic of the Congo declared a Public Health Emergency of International Concern
And previously:
June 12
Update on Ebola and the World Bank's Catastrophe Bonds
As noted in this morning's "Insurance: Ebola Crosses Border to Uganda, Should Trigger Cat Bond Payout" there was no media reporting on the possible finance aspects of Ebola showing up in Uganda.
We are now joined by Artemis who provide some details which make it appear the bonds (actually 3-year notes) were structured to never actually be triggered.
If so, someone is playing a nasty little game.
So now the real story may be the terms of the Pandemic Emergency Financing Facility rather than the possible triggering:
"And if the cross-border contagion is reported on a day ending in a 'Y' all contracts will be null-and-void and coverage denied."UPDATED—Insurance: Ebola Crosses Border to Uganda, Should Trigger Cat Bond Payout
February 2019
DR Congo Ebola Cases Pass 800; Deaths Over 500; No Cat Bond Trigger Yet
Dec. 2018
Catastrophe Bonds: "Ebola deaths pass pandemic cat bond trigger, but no payout till it spreads"
Nov. 2018
Congo's Ebola Crisis May Trigger World Bank's Catastrophe Bond
Oct. 2017
"The Unforgiving Math That Stops Epidemics"
Related:
Complex Systems: How the Internet Grows, How Viruses Spread, and How Financial Bubbles Burst
