Recovery at a Crossroads: How countries spent Covid-19 funds in the Global South
- Publisher:
- Financial Transparency Coalition
- Publication Date:
- 17 October 2022
- Tags:
- Africa, Coronavirus, Economy, Business and Finance
In this report we call for a People's Recovery at a time of multiple crises. This means that a crisis response should be based on a human rights-based and sustainable development
orientated recovery pathway which ensures that an adequate level of funding is made available both domestically and internationally, and that these funds are spent equitably, effectively and transparently primarily towards those who are the most impacted by the crisis - namely women, minorities and marginalised groups. The participation of citizens elected representatives and other rights holders in monitoring recovery packages and policies is also important in ensuring that recovery decisions are not taken behind closed doors. This report in itself is an exercise in citizen monitoring of recovery spending and policies, with view of enabling wider participation. This report aims to assess the extent to which we are seeing such a People's Recovery or a recovery that primarily benefits larger corporates or the wealthy in society by looking first at the composition of COVID-19 recovery funding between four categories - social spending in social protection, funds benefiting large corporates, funds targeted towards Micro, Small and Medium-Sized Enterprises (MSME) and finally funds destined towards the informal sector.
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