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G-20 Should Announce $1 Trillion to Help Developing Countries Cope with the Crisis

The accelerating downward spiral in the global economy has made me increasingly convinced that the G20 leaders gathering at the London Summit in early April should announce that they stand ready to provide up to $1 trillion to help developing countries to cope with the crisis over the next two years. This wouldn't be a handout, but an important part of a global stimulus package. It's in the rich world's own self-interest to anticipate the developing world's financing needs and to put in place the necessary resources. To do so is both a moral and a security imperative.