plos.org (04.11.2021) Latin American governments swiftly implemented income assistance programs to sustain families’ livelihoods during COVID-19 stay-at-home orders. This paper analyzes the potential coverage and generosity of these measures and assesses the suitability of current safety nets to deal with unexpected negative income shocks in 10 Latin American countries.
worldbank.org (17.06.2021) A region known for its volatility, Latin America and the Caribbean (LAC) has suffered severe economic and social setbacks from crises—including the COVID-19 pandemic. These crises have taken their toll on careers, wage growth, and productivity. Employment in Crisis: The Path to Better Jobs in a Post-COVID-19 Latin America provides new evidence on the effects of crises on the region’s workers and firms and suggests several policy responses that can bolster long-term and inclusive economic growth. This report has three key findings.
CTV News (17.10.2021)On Oct. 23 – the last day of Small Business Week – the Canada Emergency Rent Subsidy (CERS) and the Canada Emergency Wage Subsidy (CEWS) are set to expire. Both programs have been extended several times since being implemented in 2020.
As for individual benefits, the Canada Recovery Benefit (CRB), the Canada Recovery Sickness Benefit (CRSB) and the Canada Recovery Caregiver Benefit (CRCB) are also set to terminate on Saturday. These programs, too, can be extended into November by the government.
Philippine News Agency (17.10.2021) The implementation of the Philippine Identification System (PhilSys) has resulted in milestones for the country's social protection and digital transformation, according to a World Bank official.
He said success in utilizing PhilSys for social protection has a "significant demonstration effect" in accelerating digital transformation among government agencies and even the private sector.
OECD (21.10.2021) The COVID-19 crisis has hit the long-term care (LTC) sector particularly hard, with large numbers of people dependent on care and particularly vulnerable to COVID-19 have fallen ill, and a disproportionate rate of LTC workers both exposed to, and infected by, COVID-19. The analysis presented in this report describes the effects of COVID-19 on LTC in OECD countries, mainly showing infection rates and mortality of LTC recipients.
worldbank.org (07.10.2021) The World Bank, in collaboration with the Government of South Africa, released a new report assessing the country’s social assistance programs and systems. In an environment of high unemployment, persistent poverty, weak economic growth and shrinking fiscal resources that has been exacerbated by the Covid-19 pandemic, the Social Assistance Programs and Systems Review: South Africa report underscores the critical role of the grant and social assistance system in mitigating poverty.
ZAWYA (18.10.2021) Thailand's cabinet on Tuesday approved a further 92 billion baht ($2.76 billion) of relief measures to help boost its flagging economy as the Southeast Asian country deals with its biggest and most prolonged coronavirus outbreak. Thailand earlier this year approved a further 500 billion baht borrowing plan to mitigate the impact of the epidemic. Of the approved support, the government will offer 42 billion baht of cash transfers under an existing co-payment scheme between November and December, spokesman Thanakorn Wangboonkongchana told a news conference.
allafrica.com (14.10.2021) Social protection is a right for the federal government and not a token or favour. The last 18 months have been difficult for families and communities across the country as a result of the COVID-19 pandemic. The vision of equality and inclusion as explained in the Sustainable Development Goals (SDGs) has become blurred. Social protection programme coverage in Nigeria has remained low during the COVID-19 crisis.
oecd.org (14.10.2021) The COVID-19 pandemic has caused a significant deterioration in public finances, adding to pre-existing strains from long-term structural challenges including population ageing, climate change, rising inequality, digitalisation and automation. This report, originally prepared for G20 Finance Ministers and Central Bank Governors at the request of the Italian G20 Presidency, considers the challenges and opportunities of developing public fiscal policy strategies as countries seek to “build back better”.