PROTECTING THE POOR AGAINST THE NEXT CRISIS
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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,
I propose three lines of action for governments and for the international community: (i)
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, (ii) Over the medium term, finance improvements in design to addressing
these gaps and vulnerabilities, and (iii) offer a pre-qualified line of assistance for social
protection which goes into action automatically when crisis triggers are breached.
