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Protecting The Poor Against The Next Crisis

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Executive Summary

Crises are likely to be new normal for developing and transition economies. In designing programs to protect the poor against crises, governments face two uncertainties - uncertainty of crisis type and uncertainty of crisis timing. In the face of these uncertainties, the author proposes three lines of action for governments and for the international community: conduct a Social Protection Assessment Program which "Stress tests" the collection of social protection interventions against a range of possible crises to reveal gaps and vulnerabilities, over the medium term, finance improvements in design to addressing these gaps and vulnerabilities, and offer a pre-qualified line of assistance for social protection which goes into action automatically when crisis triggers are breached.

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