PAGE Support for Green and Inclusive Economic Recovery


About PAGE and Green Recovery

In the United Nations document “A UN framework for the immediate socio-economic response to COVID-19”, PAGE is included as a partnership that will support countries in economic recovery efforts. It states (on page 18) that for:

“Support on strategies to green fiscal stimulus packages. The United Nations Development System will mobilize the Partnership for Action on Green Economy (PAGE) that provides integrated support on green jobs, economic and environmental issues to plan early response and recovery phase of the crisis. PAGE is operational in 20 countries worldwide and could be used as a vehicle to support peer learning and knowledge transfer on policies that stimulate growth and recovery in the wake of COVID-19.”


About PAGE

PAGE  is an alliance of 5 UN agencies, 8 funding partners and 20 countries  that work together to transform economic policies and development planning into drivers of sustainability. PAGE supports nations and regions in reframing policies and practices around sustainable development to foster economic growth, create income and jobs, reduce poverty and inequality, and strengthen the ecological foundations of their economies.

Thanks to this integrated approach and support of a wide range of partners, PAGE is increasingly recognized as a model to deliver coordinated support to countries for achieving Sustainable Development Goals (SDGs) and targets of the Paris Agreement on Climate Change. For further information, see the PAGE 2019 annual report. 

So far, PAGE has taken the following steps to inform and influence the economic response to the COVID-19 crisis:

  • a Statement on COVID-19 by the PAGE Management Board emphasizing that policy and investment decisions taken to stimulate the economies will be decisive to mitigate or amplify future threats to economies, jobs and humanity;
  • a Data Observatory tracking fiscal and finance measures announced by partner countries along with social, economic and environmental impacts of COVID-19; 
  • an Inclusive Green Economy response scenario modelling of COVID-19 recovery plans is ongoing to provide global guidance on how to ‘build back better’. This includes case studies for South Africa and Indonesia;
  • capacity building and peer to peer learning for green recovery, Including a series of online workshops;
  • a targeted capacity-building programme for Small and Medium Enterprises and industry;
  • high level policy dialogues including a global event on Green Economy & COVID-19 Recovery: Implications for the Decade of Action;
  • a dedicated on-line COVID-19 Resource Hub;
  • reprogramming of current PAGE support as much as possible;
  • support to policymakers through Policy analytical tools to assist in forecasting growth, jobs and sustainability outcomes of different policy and investment options; and
  • a comprehensive Needs Assessment for a Green Economic Recovery in all PAGE countries.

Furthermore, at the High-Level Political Forum (HLPF), PAGE launched its new Strategy for 2021-2030 that aims to put sustainability at the heart of national economic and development planning.


Impacts of COVID-19 on PAGE Countries

Based on data collected in the PAGE Data Observatory, declining trends can be seen in selected indicators below, such as GDP, employment, trade and manufacturing. The percentage decrease in projected 2020 GDP from October 2019 and April 2020 ranges between -10.6% and -3.8%.  Specifically, the export sector was hardly hit in most PAGE countries, followed by a decline in imports. Significant decreases in total manufacturing can be found at the beginning of March 2020 and a modest recovery in later months affecting employment in countries where manufacturing plays a significant role in the economy. As of June 2020, the allocations into fiscal stimulus packages in PAGE countries ranged between 0.3% and 11% of country GDP.


Comparison of World Economic Outlook’s 2020 GDP Forecasts: October 2019 vs. April 2020  (Source: IMF)


Impact on Trade: Monthly annualized percentage changes between months of 2019 and 2020 (Source: UNIDO)