J. Walter Thompson, a unit of WPP Group, is a $3.4 billion, multinational agency with 184 offices in 37 countries.

Rather than continued lending from commercial banks, these countries need credit and technical resources of new multinational agencies that specialize in economic development.

In addition to the World Bank and A.I.D., they included Canada, France, the Netherlands and several multinational agencies.

Already competing nationally and internationally with the multinational agencies, it has made recent client acquisitions and is on the look out to recruit the best talent.

"We're competing with nameplates that are 110 years old, 80 years, 60 years old," Mr. Spielvogel said, referring to rival multinational agencies.

It was established in 2001 to provide the construction and built environment industries an alternative to established multinational agencies such as Getty images and Corbis.

"Now a growing field of regional shops is being ranked right alongside the huge multinational agencies in blue-chip reviews," Adweek reported.

Apparently, there would be little direct government-to-government lending; more likely would be Government funds funneled through multinational agencies or private funds with Government guarantees.

This multinational agency under its motto 'Good health and good attitude compulsory for everyone!'

Ogilvy and J. Walter Thompson, two other multinational agencies serving equally large clients, finished among the top six.