COVID-19

Recovery Tracker

for Latin America and the Caribbean

This tool tracks COVID-19 related fiscal spending policies announced by the 33 Latin America and Caribbean’s countries, updated every week.

The LAC Recovery Tracker brings transparency to regional government spending practices, both highlighting where funds are going and their potential economic, environmental, and social impacts. The Tracker is designed to showcase policy solutions and identify investment opportunities for governments and partners that are more impactful and sustainable.

TOTAL SPENDING (POST COVID-19)

USD billions

RECOVERY SPENDING

USD billions

Green recovery spending

USD billions

RECOVERY SPENDING AS A % OF TOTAL SPENDING

GREEN RECOVERY SPENDING AS A % OF RECOVERY SPENDING

Latin American and Caribbean countries are spending

% of total recovery spending in green initiatives, missing crucial opportunities to achieve potential long-term economic growth, counter environmental crises and deliver significant social benefits.

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.

Select a country to see its relative position and click on each bubble for a more detailed overview of country policies

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

environmentally-negative spending:

usd 29.14 billions

environmentally-sustainable spending:

usd 4.89 billions

Clean Energy Infrastructure: 3.29

.

MX, 2.34

DR, 0.60

AR, 0.10

BR, 0.25

Natural Infrastructure: 0.75

BR, 0.37

CH, 0.33

.

PE, 0.05

Clean transport infrastructure: 0.26

.

PA, 0.17

CH, 0.08

DR, 0.10

Green Market Creation: 0.24

.

CO, 0.15

.

AR, 0.01

CH, 0.04

JA, 0.04

Climate resilient tourism: 0.15

BH, 0.15

Clean R&D: 0.05

.

DR, 0.05

Energy efficiency: 0.03

.

BR, 0.01

PA, 0.02

Green Transport Liquidity Support: 0.01

.

BR, 0.01

EV Incentives: 0.01

.

DR, 0.01

Traditional Transport: 22.85

AR, 1.29

MX, 13.81

PE, 6.95

.

CR, 0.22

DR, 0.28

HA, 0.07

JA, 0.15

PA, 0.08

Reduced prices for oil and gas: 2.87

MX, 2.67

.

DR, 0.20

Traditional Energy Infrastructure: 2.48

MX, 2.48

Liquidity support for airlines and traditional transport: 0.7

.

AR, 0.01

BR, 0.66

AB, 0.01

BO, 0.02

Armed Forces Investment: 0.45

.

AR, 0.45

Liquidity support for traditional energy: 0.11

.

BA, 0.05

PA, 0.11

Coming soon interactive sectoral breakdown

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.

Select a country and a metric to see its score. Tap on any country to see a specific score.

Methodology

Policies are assigned to one of 40 policy archetypes and 158 sub-archetypes which are assessed for environmental impacts, social impacts, and economic impacts. A methodology document including a full list of archetypes, sub-archetypes, and assessments is available at Global Recovery Observatory.

Tracking matters

The COVID-19 pandemic has severely impacted world economies, plunging millions into unemployment, insecurity, and poverty. Across the world, national governments are deploying significant recovery packages to immediately help their economies out of this downturn. These recovery programs have the potential to be powerful tools to solve the simultaneous crises of climate change and COVID-19, while inclusively protecting social welfare.

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).

Contact

Mercedes G. Fariña