What the Coronavirus Outbreak Means for Pandemic Bonds

The video discusses the challenges of using catastrophe bonds for epidemics, highlighting issues with defining triggers due to high uncertainty. Unlike natural disasters, pandemics correlate with economic cycles, making them unsuitable for diversification. The World Bank's pandemic bonds face design flaws, and the real issue is not funding but preparedness. Alternatives focus on prioritizing and preparing institutions and countries for outbreaks.

What alternative solutions are suggested for improving the response to outbreaks instead of relying on pandemic bonds?

Discuss the role of preparedness in responding to disease outbreaks as mentioned in the text.