Economic inclusion programs help boost the income and assets of the world’s poorest individuals and households with a “big push” of coordinated interventions – usually a combination of cash or in-kind transfers, skills training or coaching, access to finance, and links to market support. The State of Economic Inclusion 2021 Report shows that economic inclusion programs are on the rise in 75 countries, reaching about 20 million households.
Remittances are a crucial financing lifeline for many poor families and have a direct impact on nutrition, health and education outcomes. The report, Migration and Development Brief 33: Phase II COVID-19 Crisis Through a Migration Lens shares the latest global and regional trends in remittances and migration in the context of the COVID19 pandemic and explores the impact of these trends on people and economies. Remittance 34
Adaptive social protection (ASP) helps build the resilience of poor and vulnerable households by investing in their capacity to prepare for, cope with, and adapt to shocks. The report, “Adaptive Social Protection: Building Resilience to Shocks,” puts forward an organizing framework for designing and implementing ASP programs.
Up to 80% of workers in developing countries earn their living in the informal economy and cannot rely on the employment-based social protection programs. As the COVID-19 pandemic worsens, these workers need to overcome daunting challenges to support themselves and their families. The report, Protecting All: Risk-Sharing for a Diverse and Diversifying World of Work proposes a model of worker protection and social security that is better adapted to an increasingly diverse and fluid world of work.