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

_Analytical Notes, February 28, 2023_

## Source details

**Canonical URL:** [The Big Push for Transformation through Climate and Development: Recommendations of the High-Level Advisory Group on Sustainable and Inclusive Recovery and Growth](https://www.imf.org/en/publications/analytical-notes/issues/2023/02/28/the-big-push-for-transformation-through-climate-and-development-recommendations-of-the-high-530354)

## Other formats

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## Bibliographic details
- Published: February 28, 2023
- Series: Analytical Notes
- DOI: https://doi.org/10.5089/9798400235689.064

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### Purpose and scope
- The High-Level Advisory Group (HLAG) on Sustainable and Inclusive Recovery and Growth assembled to provide policy analysis and practical proposals to help countries secure a strong recovery from the pandemic and a successful green transition.
- The report pulls together key findings from the HLAG deliberations and provides actionable recommendations to support a pathway to green, resilient, and inclusive development (GRID).

### Assessment of investment and financing challenges
- The HLAG started by assessing the scale and nature of investment and financing challenges and concluded 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
  - $3.5 trillion per year by 2030

### Key findings
- A strong recovery from the pandemic and a successful green transition require substantial scaling up of investment and development spending.
- Achieving green, resilient, and inclusive development (GRID) is the overarching objective guiding the HLAG's analysis and recommendations.

### Actionable recommendations (high-level)
- The report provides practical policy proposals designed to support a pathway to GRID, drawing on the HLAG’s deliberations and assessment of investment needs.
- Recommendations are intended to address both the scale and the nature of financing shortfalls to enable rapid and sustained investment increases.

*The Big Push for Transformation through Climate and Development: Recommendations of the High-Level Advisory Group on Sustainable and Inclusive Recovery and Growth, February 28, 2023.*

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_Source: https://www.imf.org/en/publications/analytical-notes/issues/2023/02/28/the-big-push-for-transformation-through-climate-and-development-recommendations-of-the-high-530354_