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UN issues $1,000bn crisis call for the developing world

Ban Ki-moon, the United Nations secretary-general, has called on the Group of 20 leaders to support a $1,000bn stimulus package for developing countries threatened by the global financial crisis.

In an interview with the Financial Times, Mr Ban said he would use next week's summit in London of leading developed and emerging economies to call for a substantial increase in the level of overseas aid, funding to tackle climate change in poorer regions, and help with liquidity for emerging economies.

“I will ask them to provide a truly global stimulus package that meets the needs of all developing countries and I would suggest $1trillion over the next two years.”

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