for Latin America and the Caribbean
TOTAL SPENDING (POST COVID-19)
Green recovery spending
RECOVERY SPENDING AS A % OF TOTAL SPENDING
GREEN RECOVERY SPENDING AS A % OF RECOVERY SPENDING
Economies deploying a majority of sustainable recovery policies secure a stronger, more resilient, and sustainable future.
The Promises of a Green Recovery
This graphic shows green recovery spending as a percentage of total recovery spending (Y-axis) versus recovery spending as percentage of GDP (X-axis). Each color and quadrant represents the country relative position in the region.
The Tracker only considers the announced measures that are within the framework of the economic reactivation of each country in the face of COVID-19.
How are LAC countries investing in recovery? Recovery packages across the region should finance the transformations needed for a green, digital and just future
Spending in LAC (USDbn)
Marzo 2020 – Diciembre 2021
usd 29.14 billions
usd 4.89 billions
Clean Energy Infrastructure: 3.29
Natural Infrastructure: 0.75
Clean transport infrastructure: 0.26
Green Market Creation: 0.24
Climate resilient tourism: 0.15
Clean R&D: 0.05
Energy efficiency: 0.03
Green Transport Liquidity Support: 0.01
EV Incentives: 0.01
Traditional Transport: 22.85
Reduced prices for oil and gas: 2.87
Traditional Energy Infrastructure: 2.48
Liquidity support for airlines and traditional transport: 0.7
Armed Forces Investment: 0.45
Liquidity support for traditional energy: 0.11
The LAC Recovery Tracker also captures the economic, environmental and social impacts of the COVID-19 spending policies.
Average score of all country policies
Each policy is assigned a score on eight metrics. The map shows the average score of all spending in each LAC country. The higher the score (green), the more positive impact, the lower score (orange), the more negative the impact.
About this tool
The LAC Recovery Tracker tracks and assesses every individual COVID-19 related fiscal spending policy announced by 33 LAC countries for potential impacts on the environment and the socio-economy. The Tracker database is updated weekly by the Oxford University Economic Recovery Project. This data visualisation is developed by UNDP and utilises the Tracker data. It also draws inspiration from a report led by UNEP’s Latin America and the Caribbean Office and Oxford University Economic Recovery Project, “Is the COVID-19 economic recovery building a sustainable future? A snapshot from Latin America and the Caribbean”.
The LAC database is based on the Global Recovery Observatory (GRO), a live database of all COVID-19 related government fiscal spending across 89 countries. The LAC Recovery Tracker was developed as part of the GRO, an initiative led by the Oxford Smith School of Enterprise and the Environment and housed under the Green Fiscal Policy Network – a partnership between the UN Environment Programme, the International Monetary Fund (IMF) and the German Corporation for International Cooperation (GIZ).
UNEP’s Latin America and Caribbean Office contributions are enabled by the financial support of the European Union, through the EUROCLIMA+ Programme, the Spanish Agency for International Development Cooperation (AECID), and the Swedish International Development Cooperation Agency (SIDA).