SOCIAL PROTECTION SYSTEMS: TOOL FOR REDUCING EXTEREME POVERTY AND INEQUALITY

5The World Banks defines extreme poverty as living on less than $1.90 per day. The organization estimates that about 10.7% of the world’s population or 760 million people still live in extreme poverty. World leaders made a commitment in 2015 through the adoption of the Sustainable Development Goals (SDGs) to eradicate extreme poverty by the year 2030. SDG 1 calls for an “End to Poverty in all its Forms Everywhere.” Access to Social Protection or social security has been identified as key to achieving SDG 1. Therefore, SDG 1:3 states that governments “implement nationally appropriate social protection systems and measures for all, including floors, and by 2030 to achieve substantial coverage of the poor and the vulnerable.” As described by the International Labour Organization (ILO), Social Protection or social security are set of policies and programmes designed to reduce and prevent poverty and vulnerability across the life cycle. This includes nine main areas: child and family benefits, maternity protection, unemployment support, employment injury benefits, sickness benefits, health protection, old-age benefits, disability benefits and survivors’ benefits.

The Director-General of the ILO, Mr. Guy Ryder, notes that “when access to essential benefits and services is guaranteed for mothers and children, for persons with disabilities or illness, for the elderly and unemployed, countries actually make their economies resilient while ensuring the human rights to social security.” Unfortunately, only 1 in 5 people around the world have access to universal social protection coverage as indicated in the 2017 – 2019 World Social Protection Report. Governments must therefore, recognize that providing social protection for the people is not only the right and just thing to do, it is actually a very economic smart thing to do. Countries that have made efforts in expanding their safety net programmes have seen a rapid decline in the rate of poverty and experienced economic growth.

Read more:

ILO World Social Protection Report 2017 – 2019: https://bit.ly/2CyyaTn

Infographic : https://bit.ly/2BbsTV2

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