China most likely coronavirus source for World Bank’s pandemic cat bond

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The worsening outbreak of a novel coronavirus in China has brought the World Bank’s pandemic catastrophe bond transaction back into focus and it turns out that China was seen as the most probable source of a coronavirus outbreak that could trigger the IBRD CAR 111-112 notes.

The coronavirus outbreak that began in the city of Wuhan in Hubei province China has been spreading rapidly, with confirmed cases of infection now reported to have reached more than 4,515 in China as of January 27th (based on Chinese government figures) and a number of countries abroad where cases have been found.

The death toll from the China coronavirus outbreak, which began in late December it is believed, is now seen to have reached 106, all of which have been recorded in China.

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