The COVID-19 pandemic has produced a sharp fall in capital flows to developing countries. Meanwhile, high levels of sovereign and corporate debt in many countries as well as mounting fiscal deficits have raised the need for even more external financing to combat the economic and human costs of the pandemic. This panel of leaders from international financial institutions and well-known academics will discuss ways that the international community can help mobilize private capital flows to developing countries. How can private lenders be incentivized to lend more to developing countries? Are guarantees needed? How should countries with insolvency and liquidity crises be treated? Is there a need for a new debt restructuring framework? And what are the incentives for different debtors and creditors to participate? In this open conversation, panelists will offer their latest ideas and proposals to limit the damage from a crisis that knows no borders.