This Working Paper provides a concrete illustration of how the existing international financial architecture could be activated more fully to mobilize the large sums required to respond decisively to the 'great divergence' in COVID-19 crisis recovery between advanced and developing countries as...

International cooperation and financing for development in particular face a moment of truth. A lack of national capacity to combat the COVID-19 pandemic and climate change anywhere is a threat to the security and well-being of people everywhere. The most feasible way to mobilize the large...