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BRIEF June 15, 2021

High-Level Advisory Group on Sustainable and Inclusive Recovery and Growth (HLAG)

The High-Level Advisory Group on Sustainable and Inclusive Recovery and Growth (HLAG) is a forum convened by the World Bank and IMF to inform global and national efforts for a  sustainable recovery from the COVID-19 pandemic, setting a path to achieve both the climate goals and green, resilient and inclusive development.

The HLAG is co-led by Mari Pangestu (World Bank), Ceyla Pazarbasioglu (IMF) and Nicholas Stern (London School of Economics). It consists of a core working group drawn from the World Bank Group, IMF, London School of Economics, Brookings Institution and high-level experts from relevant fields across the world.

It was launched in June 2021, in recognition of the urgent need for collective action to tackle the defining crises of our time – COVID-19 and climate change – which have exacerbated structural weaknesses, worsening poverty and inequality.  

The HLAG aims to contribute to key international processes including the G20, G7, Coalition of Finance Ministers for Climate Action, World Bank Group-IMF Annual Meetings, COP15 and COP26 among others.

Over the next 18 months, the HLAG will work to advance common understanding of key policy and institutional issues that can lead to bold and concerted global and national action.

Deliberations will span two phases, focusing first on the recovery, and second on deepening the agenda for sustained transformation.

Accelerating and scaling up investments and creating the enabling conditions for recovery and growth will be central, while ensuring that this transformation is green, resilient and inclusive.

Outputs will be concise, actionable proposals that lay out the approach, investment, policy and finance implications, for consideration by national policy makers as well as international stakeholders and processes.