World Bank To Strengthen Social Safety Net Programs To Support Those In Developing World Vulnerable To Economic Volatility

“The World Bank plans to strengthen its social safety net to help the 60 percent of people in the developing world who lack adequate protection from the impact of global financial volatility and rising food and fuel prices,” Bloomberg reports. “Expanding cash transfers, food assistance, public works programs and fee waivers to help nations respond to crises and fight persistent poverty will be the center of the agenda for the World Bank-International Monetary Fund Development Committee meeting on April 21, the bank said [Wednesday] in Washington,” according to the news agency (Martin, 4/18). “Safety nets can transform people’s lives and provide a foundation for inclusive growth without busting budgets. … Effective safety net coverage overcomes poverty, and promotes economic opportunity and gender equality by helping people find jobs and cope with economic shocks, and improving the health, education, and well-being of their children,” World Bank President Robert Zoellick said, the Guardian notes (Elliott, 4/18).

The KFF Daily Global Health Policy Report summarized news and information on global health policy from hundreds of sources, from May 2009 through December 2020. All summaries are archived and available via search.

KFF Headquarters: 185 Berry St., Suite 2000, San Francisco, CA 94107 | Phone 650-854-9400
Washington Offices and Barbara Jordan Conference Center: 1330 G Street, NW, Washington, DC 20005 | Phone 202-347-5270

www.kff.org | Email Alerts: kff.org/email | facebook.com/KFF | twitter.com/kff

The independent source for health policy research, polling, and news, KFF is a nonprofit organization based in San Francisco, California.