The Increase in Social Protection Programs During COVID-19

Submitted by pmassetti on Fri, 08/20/2021 - 16:56

BORGEN (14.08.2021) In an attempt to protect from economic disaster in the wake of the COVID-19 pandemic, governments enacted an unprecedented number of social protection programs. According to the World Bank, Social protection “traditionally consists of labor markets, pensions, social funds and ‘safety nets’.” Although developing countries introduced 1,300+ social protection and jobs programs related to COVID-19, the International Labor Organization (ILO) “estimates 255 million full-time equivalent” job losses in 2020.

Measure date
Document Type