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3gqmkCoMSCU
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Global Poverty-Reduction Efforts: Cash Transfer Programs in Bogotá, Colombia | Sonia’s Story
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The newly released 2022 Poverty and Shared Prosperity report from the World Bank reveals that COVID-19 dealt the biggest setback to global poverty-reduction efforts since 1990. The war in Ukraine threatens to make the situation worse. Many vulnerable people around the world found support in cash transfer programs, which the Poverty and Shared Prosperity report found were key in helping families during the pandemic. And this is the case of Sonia Cifuentes, a Colombian citizen. She was holding it together, raising kids in central Bogotá and working as a transcriptionist. Then the pandemic struck. "I never imagined that we were going to be left without a job," said Cifuentes about herself and her colleagues. "I had to ask my mother to help me feed my children because I had no money to buy food." Watch Sonia's story and learn more about the report: http://wrld.bg/S3Hz50LcAFH 00:00 Getting to know Sonia's neighborhood in Bogotá 00:43 The impact of COVID-19 and the war in Ukraine 01:17 Inequality, inflation, and food insecurity 01:42 Government support: Cash transfer programs 02:15 Fiscal reforms to stimulate growth for all ABOUT THE WORLD BANK GROUP 🌐 The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. http://www.worldbank.org MB01AI4N0EC72TU
description
The newly released 2022 Poverty and Shared Prosperity report from the World Bank reveals that COVID-19 dealt the biggest setback to global poverty-reduction efforts since 1990. The war in Ukraine threatens to make the situation worse. Many vulnerable people around the world found support in cash transfer programs, which the Poverty and Shared Prosperity report found were key in helping families during the pandemic. And this is the case of Sonia Cifuentes, a Colombian citizen. She was holding it together, raising kids in central Bogotá and working as a transcriptionist. Then the pandemic struck. "I never imagined that we were going to be left without a job," said Cifuentes about herself and her colleagues. "I had to ask my mother to help me feed my children because I had no money to buy food." Watch Sonia's story and learn more about the report: http://wrld.bg/S3Hz50LcAFH 00:00 Getting to know Sonia's neighborhood in Bogotá 00:43 The impact of COVID-19 and the war in Ukraine 01:17 Inequality, inflation, and food insecurity 01:42 Government support: Cash transfer programs 02:15 Fiscal reforms to stimulate growth for all ABOUT THE WORLD BANK GROUP 🌐 The World Bank Group is one of the world’s largest sources of funding and knowledge for low-income countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development. http://www.worldbank.org MB01AI4N0EC72TU
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yes
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177
lastUploadedDate
2022-10-19T20:42:23Z
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Note: English language captions are available by clicking the "CC" button on the above video.

Transcript

SONIA CIFUENTES

My neighborhood is located in the center of Bogotá. Low-income people live in this neighborhood, but they get by because they work. They’re friendly. The neighbors are friendly – the one from the bakery, the one from the supermarket, what can I tell you, they are good people.

SONIA CIFUENTES

Well, I never imagined that we were going to be left without a job – several colleagues were also left without a job. My contract was for an indefinite term. During the pandemic I was in need of food and I had to ask my mother to help me feed my children because I had no money to buy food.

SONIA CIFUENTES

It's just that right now everything has gone up [in price]. I don’t know why they went up, but everything is extremely expensive. Before I used to buy two egg cartons, right now I can only buy one carton.

SONIA CIFUENTES

I have received cash transfers. Money is deposited into my bank account. It's not a lot, but it is helpful to buy certain things. I used the money to buy food – buy more eggs or more milk. Almost everything (I bought with it) was food.

SONIA CIFUENTES

If I hadn't had access to those transfers, I would have had to go find someone to give me a donation because I had to feed my children.

SONIA CIFUENTES

I would like for them to finish their studies and be admitted to university. I would like them to take on two career paths at least, so that their lives wouldn’t be so difficult. In any case, I do try to instill that way of thinking in them.

Produced by Inaê Riveras, Luis Angel, and Paul Blake

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