The World Bank reported Saturday another project to activate rapidly against destructive diseases after the world was gotten ill-equipped in the 2014 Ebola calamity in West Africa.

World Bank President Jim Yong Kim said the new Pandemic Emergency Financing Facility (PEF) will quicken worldwide and national reactions to infection flare-ups that undermine substantial populaces and delicate economies.

He said the PEF, a mix of disaster protection and bonds, is an immediate response to the drowsy benefactor reaction to the flare-up of Ebola, which in the end killed near 11,000 in West Africa and close down monetary action for a considerable length of time.

“Pandemics pose a serious threat to global health and economic security,” said Kim.

“The recent Ebola crisis in West Africa was a tragedy that we were simply not prepared for. It was a wake-up call to the entire world.”

“There is no effective international system ready to respond quickly to a pandemic.”

http://scarletnews.com/2016/05/21/world-bank-creates-pandemic-insurance-plan-post-ebola/