We have to do more on the labour market and, as you say, front-load investments.
That is why we believe that for countries to come together and front-load development aid through an international borrowing facility is the best way forward.
There is much that they can do, if they choose, to front-load their expenditure.
Whether that is right or wrong, there is no doubt that front-loaded costs will, for the first time, be imposed on the seller, not the buyer.