Analytical Notes Volume 2023 Issue 002: The Big Push for Transformation through Climate and Development: Recommendations of the High-Level Advisory Group on Sustainable and Inclusive Recovery and Growth (2023)

The Big Push for Transformation through Climate and Development: Recommendations of the High-Level Advisory Group on Sustainable and Inclusive Recovery and Growth

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World Bank

World Bank
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International Monetary Fund

International Monetary Fund
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London School of Economics and Political Science

London School of Economics and Political Science
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Brookings Institution

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Series:: Analytical Notes

Volume/Issue:: Volume 2023: Issue 002

Publication Date:: 28 Feb 2023

DOI:: https://doi.org/10.5089/9798400235689.064

ISBN:: 9798400235689

ISSN:: 2708-8049

Pages:: 55

Legal-disclaimer:: The views expressed are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Series:: Analytical Notes

Volume/Issue:: Volume 2023: Issue 002

Language:: English

Publication Date:: 28 Feb 2023

DOI:: https://doi.org/10.5089/9798400235689.064

ISBN:: 9798400235689

ISSN:: 2708-8049

Pages:: 55

Legal-disclaimer:: The views expressed are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

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The High-Level Advisory Group (HLAG) on Sustainable and Inclusive Recovery and Growth came together to provide policy analysis and practical proposals for actions that could help countries secure a strong recovery from the pandemic and a successful green transition. This report pulls together key findings from the deliberations and provides actionable recommendations to support a pathway to green, resilient, and inclusive development (GRID). The HLAG started by assessing the scale and nature of investment and financing challenges. It was immediately clear that investment needs require rapid and sustained scaling up: conservative estimates presented to the HLAG by Bhattacharya et al. (2022) suggest that EMDEs other than China have aggregate investment and development spending needs on the order of at least $1.3 trillion per year by 2025 and $3.5 trillion per year by 2030.

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Analytical Notes

ISSN:: 2708-8049

Publisher:: International Monetary Fund

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