Unlocking the $1 Trillion Developing Countries Need to Cope with the Crisis

The 2008 global financial crisis started in the United States but hit developing countries hard with reduced exports, remittances, and access to credit. Ahead of the London G-20 summit, Nancy Birdsall published a CGD policy note How to Unlock $1 Trillion Developing Countries Need to Cope with the Crisis. UN Secretary-General Ban Ki-moon picked up the call, and the G-20 included the pledge in their Summit communiqué.

Birdsall later testified before the US Congress, helping to unlock the country’s contribution to the global relief and stimulus package.