Publication

This brief discusses how much official finance is needed to help developing world countries to weather the economic crisis that began in 2008. According to the author, US$1 trillion would be an adequate amount to provide relief and fiscal stimulus that these countries cannot finance through normal borrowing. She proposes that some US$550 billion come from the IMF, US$300 billion - from the multilateral banks' capital, and US$50 billion - from existing concessional resources for low-income countries.