The ACT-A Agenda: The financialization of a pandemic?
Bonds, loans, debt-swaps and taxes The ACT A plan to ride out the pandemic The European Commission-backed ACT Accelerator [ACT A] which has the private sector at the table, has drawn up extensive plans to address the acute scarcity of resources to fund the response to pandemic. Measures include issuing social bonds, grants, a sovereign insurance pool, and even includes the consideration of a “global transaction tax”. These plans were first made public at a meeting of the ACT Accelerator Facilitation Council earlier this week. The ACT A needs more than US$27 billion to effectively address the pandemic globally. This is a … Continue reading The ACT-A Agenda: The financialization of a pandemic?