He said they needed to learn lessons from the Ebola crisis. More than 8,500 people have died, most in Sierra Leone, Guinea and Liberia. "The Ebola outbreak has been devastating in terms of lives lost and the loss of economic growth," Mr Kim told an audience at Georgetown University.
"We need to make sure that we get to zero cases in this Ebola outbreak. At the same time, we need to prepare for future pandemics that could become far more deadly and infectious than what we have seen so far with Ebola. We must learn the lessons from the Ebola outbreak because there is no doubt we will be faced with other pandemics in the years to come."
Mr Kim said the World Bank Group had been working with the World Health Organisation (WHO), other UN agencies, academics, insurance company officials and others to work on a concept of developing a financial "pandemic facility". He said he expected a proposal for this to be presented to leaders of developed and developing countries in the coming months.
Mr Kim said the proposal would probably involve a combination of bonds and insurance plans but that, in some ways, the facility could be similar to a homeowner's insurance policy. "This could work like insurance policies that people understand, like fire insurance," he said. "The more that you are prepared for a fire, such as having several smoke detectors in your house, the lower the premium you pay.
Comment: Are we catching a whiff of personal medical policies in the very near future where provider companies/ACA charge us, in advance, on a yearly basis, to insure each person against a pandemic? Is this where they are ultimately going? Or, are they trying to make mandatory vaccines "such a deal?" What a scheme!