53561. Social Funds in Stabilization and Adjustment Programmes
- Author:
- Giovanni Cornia
- Publication Date:
- 04-1999
- Content Type:
- Working Paper
- Institution:
- United Nations University
- Abstract:
- Well before the introduction of adjustment-related Social Funds (SFs), many developing countries had developed a variety of safety nets comprising food subsidies, nutrition interventions, employment-based schemes and targeted transfers. Middle-income and a few low-income countries had also achieved extensive coverage in the field of social insurance. In countries committed to fighting poverty, these programmes absorbed considerable resources (2-5 per cent of GDP, excluding social insurance) and had a large impact on job creation, income support and nutrition: for instance, in 1983, Chile's public works programme absorbed 13 per cent of the labour force. Their ability to expand quickly depended on a permanent structure of experienced staff, good portfolios of projects, clear management rules, adequate allocation of domestic resources, supply-driven execution and, with the exception of food subsidies, fairly good targeting.
- Topic:
- Foreign Policy, Development, and Government
- Political Geography:
- Africa, United States, South Asia, South America, Latin America, Central America, Caribbean, and Chile