Author : World Bank,International Monetary Fund,London School of Economics and Political Science,Brookings Institution
Publisher : International Monetary Fund
Page : 57 pages
File Size : 46,6 Mb
Release : 2023-02-28
Category : Business & Economics
ISBN : 9798400235689
The Big Push for Transformation Through Climate and Development by World Bank,International Monetary Fund,London School of Economics and Political Science,Brookings Institution Pdf
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.