COVID-19 has led to a global crisis threatening the lives and livelihoods of the most vulnerable by increasing poverty, exacerbating inequalities, and damaging long-term economic growth prospects. The report, Are We Building Back Better? Evidence from 2020 and Pathways for Inclusive Green Recovery Spending, provides an analysis of over 3500 fiscal policies announced by leading economies in 2020 and calls for governments to invest more sustainably and tackle inequalities as they stimulate growth in the wake of the devastation wrought by the pandemic.

The report draws evidence collected up to February 2021 on The Global Recovery Observatory is an initiative led by the Oxford University Economic Recovery Project (OUERP) and supported by UNEP, the International Monetary Fund and GIZ through the Green Fiscal Policy Network (GFPN).

As of February 2021, the Observatory contains more than 3,500 policies across the world’s 50 largest economies. It is updated weekly. The database itself will be hosted on the Oxford SSEE, GFPN, and UNDP Data Futures websites. Explore the data visualization of the findings on UNDP’s Data Futures Platform.

The Green Fiscal Policy Network is a partnership between the United Nations Environment Programme (UNEP), the International Monetary Fund (IMF) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) to promote knowledge sharing and dialogue on green fiscal policies. It is supported by the International Climate Initiative (IKI) of the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU).