IMF Recovery Index: Little support for green recovery measures

Researchers from the Global Development Policy Center at Boston University have developed a way to measure the International Monetary Fund’s (IMF) response to the COVID-19 pandemic. The IMF COVID-19 Recovery Index aims to quantify the extent to which the organization recommends (or conditions) borrowing countries to increase their efforts to combat the pandemic, protect vulnerable people and firms, and realize a green recovery.

The background for this analysis is the IMF’s ambitions to protect vulnerable people from the pandemic and facilitate an economic recovery. For instance, IMF’s Managing Director Kristalina Georgieva had repeatedly highlighted the need to build a more resilient world and to promote a green recovery. The IMF, therefore, developed a set of guidelines to support countries in their COVID-19 response and recovery efforts, including recommendations related to health expenditure, support for vulnerable firms and households, and green recovery measures.

The IMF COVID-19 Recovery Index shows how much attention and support the IMF is giving to these three topics (health, people, and environment) in borrowing countries around the world. The interactive map by the Global Development Policy Center shows that, despite high-level ambitions, the IMF is barely encouraging green recovery measures in most countries.