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February 17, 2009

How to Unlock the $1 Trillion that Developing Countries Urgently Need to Cope with the Crisis

Five billion people in developing countries are innocent victims of the global economic crisis. How well they cope will be crucial to sustained global recovery. In this CGD Note, Nancy Birdsall estimates that developing countries may need $1 trillion for bank rescues, for fiscal stimulus, and to maintain their minimal social safety nets over the next couple of years. She then explains how these funds could be unlocked from existing resources.