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The Growth Blog is a forum for you - the policy maker, the academic, the student, and the interested citizen of the world - to agree, disagree, or simply to engage current practitioners on policies and issues critical to development. This platform was inspired by the series of meetings that the Commission on Growth and Development held around the world over the course of the last two years. Of the many lessons that emerged in the deliberations, the one that stands out is that inclusive growth requires inclusive thinking, and inclusive discussion.

 

Kemal Dervis Discusses the Needs of Emerging Markets in a Washington Post Op-Ed

Submitted by Administrator on Thu, 11/06/2008 - 09:49.

Kemal Dervis, head of the UN Development Program, and also a commissioner on the Commission for Growth and Development discussed the need for fairness in the availability of credit for emerging markets. In an op-ed in the Washington Post on Monday, November 3rd, Commissioner Dervis highlighted the dramatic effects the current deleveraging process will have on developing economies. He also points out that if the IMF and reserve-rich countries start implementing a selective lending facility, this will likely create new political tensions that will push vulnerable countries into crisis even faster.