Developing nations face hard enough task on the public health front at home. Without significant assistance on the extrrnal front, this could be the biggest setback to development in decades. +
There are three things that must be done in addition to fast and light-conditionality disbursal of existing official resources.
1. SDR issue to increase global liquidity with priority allocation to LDCs. 2. Moratorium on public and private debt payments. 3. Official sanction on capital controls to remove stigma. +
Exceptional times require extreme measures. Left to their own, developing countries will experience massive public health and economic failure. These will spill over their borders in the form of defaults, conflict, and outmigration.
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