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S U B S C R I B E
Monday, 9 March, 2009
Aid group and bank sell 'vaccine bonds'
The Swiss-based Global Alliance for Vaccine and Immunisation (GAVI) wants investors to buy ’vaccine bonds’. Banking giant HSBC is partnering with the group to sell bonds to British investors that return more than 16 percent over a five year period.
GAVI has billions of dollars promised to it from governments, but that’s over a period of 20 years. The group says the money for vaccines is needed now. So it is leveraging future donations for up-front cash. Reporter Alex Helmick talked to GAVI spokesman Dan Thomas about the plan.
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