This is so important! Developed countries are spending trillions to revive their own economies and undertake measures to manage the pandemic. If even a small fraction of these amounts is set aside for international solidarity - which is also crucial to prevent a recurrence of the spread of the virus - it would fund the most important measures: debt relief through cancellation of significant debts; more resources for health spending in poor countries. A big SDR allocation is costless and essential - there's really no excuse for not doing it immediately. We need citizens in the rich countries to start demanding that their own governments take up these very sensible proposals.

Instead of such ad hominen attacks on Weisbrot and Arauz, it would be useful if you could point to some specific analysis that you find is wrong, or some facts that are incorrect. Otherwise the comment itself appears to be politically motivated.

This is a very important suggestion, and fits in with the broader global movement to revitalise taxation strategies while reining in MNCs that have "lost track of their missions". Without such policies, the SDGs cannot be met.

Disregarding the unnecessary personal abuse, short factcheck:
1. IDBI is now a commercial bank, not a development bank.
2. NPA problem in Indian banks really started becoming a problem around 15 years ago, NOT 50 years ago. Please drop the lazy habit popularised by PM Modi of describing the past 70 years as a time when noting happened in India other than bad stuff. Hardly anyone is buying this completely false argument anymore.