As the coronavirus sent economies reeling, the wealthiest nations were cushioned by extraordinary credit unleashed by central banks and government spending. Developing countries have yet to receive help on such a scale. Above, women lining up to receive cash aid in Hyderabad, Pakistan, last month.
Our European economics correspondent looked at how the International Monetary Fund and the World Bank have failed to help the developing world weather the pandemic, offering a weak response due in part to the influence of their largest shareholder: the U.S.
The New York Times
