Olga Jonas, an economist at the Harvard Global Health Institute and former World Bank expert on pandemics, discusses the innovative yet controversial concept of pandemic bonds. She explores how these bonds, aimed at transferring financial risks of global outbreaks to investors, often struggle to provide timely payouts. Jonas highlights their shortcomings, particularly during the coronavirus crisis, pointing out that funds intended to aid lower-income countries disproportionately benefit wealthier investors. Her insights reveal critical lessons for future pandemic preparedness and public-private partnerships.
