Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

You Are Here: Home » Government Documents » Social Safety Nets An Evaluation of World Bank Support, 2000–2010

Social Safety Nets An Evaluation of World Bank Support, 2000–2010

by on

Social Safety Nets – An Evaluation of World Bank Support, 2000–2010

  • “Recent crises—fuel, food, and financial—have underscored the urgency of developing social safety nets (SSNs) in all countries. These crises have pushed millions of additional people into extreme poverty, reversing previous gains in poverty reduction. Even before they were hit by the crises, many countries were not on track to achieve the Millennium Development Goals because of chronic poverty and inequality. The consequences of increasing weather variability, climate change, and natural disasters have made things more difficult everywhere. When households are hit by shocks, SSNs can be used to protect particularly vulnerable people by providing liquidity, offering short-term employment, and discouraging negative mechanisms for coping with the setbacks. Many countries, especially high- and middle-income countries, have some form of targeted SSN programs, and they are spreading to low-income countries, too. During fiscal years 2000–10, the World Bank supported SSNs with $11.5 billion in lending and an active program of analytic and advisory activities and knowledge sharing, much of it during
    the last two years in response to the triple crisis. Prior to the crises, the Bank focused its SSN support mainly on addressing chronic poverty and investing in the human capital of the poor. The crises pointed out weaknesses in countries’ SSNs, as many middle income countries found that their poverty-targeted SSNs were not flexible enough to increase coverage or benefits as needed, while low-income countries lacked poverty data and systems to target and deliver benefits.”
    • LinkedIn

    Sorry, comments are closed for this post.