Financing

Investments in social protection and their impacts on economic growth: tax financing options

Submitted by pmassetti on Tue, 05/10/2022 - 16:58

developmentpathways.co.uk (2022)  The report builds on our previous research with ITUC, showing the economic benefits of social protection by examining the different financing options that states have at their disposal in order to strengthen and extend their social protection systems. The study simulates the effects of different tax financing scenarios for social protection on household income, employment and overall GDP. We carried out computable general equilibrium analysis for Bangladesh, Colombia, Costa Rica, Georgia, Ghana, India, Rwanda and Serbia.

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Financing
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Taxation and Social Protection

Submitted by pmassetti on Thu, 04/28/2022 - 16:57

Asian Development Bank (April 2022) The brief discusses how an array of tax reforms over time, both in policy and administration, could allow more progressive structures and improved revenue performance. It notes that tax structures could be improved through broader tax bases, especially better inclusion of capital and self-employment income in personal income taxes, allowing more progressive personal income taxation. It also discusses stronger corporate taxation, increased use of property and wealth taxes, and better-designed value-added tax and excises.

Regions / Country
Asia
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Financing
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Shortfalls in Social Spending in Low- and Middle-income Countries: COVID-19 and Shrinking Finance for Social Spending

Submitted by pmassetti on Thu, 02/24/2022 - 16:43

unicef-irc.org (2022) Financing quality social services will require increased public investment and greater mobilization of both domestic and international resources in the post-COVID era. Currently, low- and middle-income countries invest, on average, just one third of their total government expenditure in social spending on education, health and social protection. However, the fiscal space to enhance social spending remains constrained in many parts of the world.

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Financing

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Financing social protection through the COVID-19 pandemic and beyond

Submitted by pmassetti on Fri, 12/03/2021 - 10:37

ilo.org (25.11.2021) This report is produced for the G20 Development Working Group by the International Labour Organization (ILO), the Organisation for Economic Cooperation and Development (OECD), and the World Bank. It demonstrates the key role that social protection has played in countries at all income levels in responding to the COVID-19 pandemic.

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Financing

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São Tomé and Príncipe: The World Bank Provides $10 million to Support São Tomé and Príncipe’s Response to COVID-19

Submitted by cambrosio on Wed, 03/24/2021 - 16:37

worldbank.org (21.12.2020)

The World Bank Board of Executive Director approved today a $10 million Development Policy Operation (DPO) for São Tomé and Príncipe (STP) to support the government's response to the human and economic impact of the COVID-19 pandemic as well as economy-wide and sectoral reforms for a stronger, more resilient recovery.

Regions / Country
Sao Tome and Principe
Global challenges
Topics
Financing
COVID-19

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Liberia: US$3.4 Million Cash Transfer to Impact 15K Households in Rural Montserrado

Submitted by cambrosio on Wed, 03/24/2021 - 16:17

liberianobserver.com (28.01.2021)

The Government through the Ministry of Gender, Children and Social Protection (MGCSP) will begin cash transfer pilot Project to fifteen thousand households in rural Montserrado County. The total amount to be distributed according to the government is US$3.4 million. This initiative is led by the Ministry’s Social Cash Transfer (SCT) Program under the Liberia Social Safety Nets Project sponsored by Foreign Commonwealth & Development Office (FCDO) and the World Bank.

Regions / Country
liberia
Global challenges
Topics
Social assistance
Cash transfers
Financing
COVID-19
Document Type

Kenya: New cash transfer scheme to benefit 24,000 Mombasa households

Submitted by cambrosio on Wed, 03/24/2021 - 15:47

the-star.co.ke (04.11.2020)

Some 24,000 vulnerable families in Mombasa will each get Sh4,000 monthly stipend enough to cover half of the monthly food and nutrition needs for a family of four under a new partnership between the national government and the World Food Programme. The cash-based support arrangement targets families in informal urban settlements that have lost income due to Covid-19.  The cash and additional nutrition support for women and children will be provided for three months.

Regions / Country
kenya
Global challenges
Topics
Social assistance
Cash transfers
Financing
COVID-19
Document Type

Mongolia: ADB approves $73m loan to improve social welfare support

Submitted by cambrosio on Wed, 03/24/2021 - 15:17

devdiscourse.com (23.03.2021)

The Asian Development Bank (ADB) has approved a $73 million loan to improve social welfare support for the poor and vulnerable, especially women and children, to mitigate the socioeconomic impacts of the coronavirus disease (COVID-19) pandemic in Mongolia.

Regions / Country
mongolia
Global challenges
Topics
Social assistance
Cash transfers
Financing
COVID-19
Document Type

Burkina Faso: Fight against Covid-19: the Coronathon offers supplies to the community

Submitted by cambrosio on Wed, 03/17/2021 - 11:20

assembleenationale.bf  (28.02.2021)

On Thursday 28 January 2021, the Coronathon offered medical consumables worth nearly 45 million CFA francs to the Centre for Operations of Response to Health Emergencies (CORUS). This donation is part of the fight against Covid-19 in view of the resurgence of the disease in Burkina.

Regions / Country
burkina faso
Global challenges
Topics
Safety and health at work
Financing
Shocks & extreme events
COVID-19
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