Webinars

AVPN-UNDP Webinar: Financing Solutions for Social Protection in COVID-19 Response and Recovery

09 September 2020

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Read the blog: How Policymakers can Finance Solutions for Social Protection More Sustainably

This webinar is the first of a three-part COVID-19 Webinar Series co-organised with the UNDP.

The global pandemic has posed major development challenges affecting the lives of millions of people around the world. COVID-19 response measures have curtailed economic activities and placed a growing number of individual’s livelihoods at risk, with many slipping below the poverty line with narrow options for recovery.

Social protection serves as a pillar of counter-cyclical economic policy by delivering rapid financial support to the most vulnerable, providing resources to those that will use them to both directly protect themselves and support the economy. For many countries, social protection programs have been a crucial part of the COVID-19 response. Although still insufficient, the coverage of recent programs has grown exponentially across the region. The most urgent priority is rapidly increasing the coverage of these traditional social protection programs.

Financing for social protection mainly comes from public funds. However, the almost universal coverage required to deal with the pandemic raises a need to explore new sources of finance for social assistance during the response and recovery efforts. To expand the coverage of the current social protection system, it is important to explore alternatives to either expanding the fiscal space or leveraging private finance into this sector through innovative finance schemes.

This session explores some of these new financing options and considers the benefits of partnerships that engage the private sector in social protection programming. It will also review real-life initiatives that highlight ways of working between government, private sector investors and individuals in reshaping the landscape of social protection into the future.

Key takeaways:

  • Showcased how public-private partnerships around social protection schemes that use innovative finance are even more crucial for a robust and expanded social protection response to COVID-19.
  • Explored the factors and pre-conditions for building effective social protection programming with sustainable financing in a manner that facilitates longer term recovery. What is the role of impact investors in this space?
  • Showcased how the current confluence of both climate and pandemic risks is stretching our institutions and financing systems/mechanisms to the limit, but that there are also opportunities to re-imagine the future of how we do business and how the financial sector can innovate in order to reach the poorest, while also safeguarding SDG gains.

Access session resources:

References

A. Environmental Stewardship
To protect the environment, we organize programmes like mangrove nursery and Reforestation, Coastal and River Clean-Up, Community Based Environmental Solid Waste Management, Environmental IEC Campaign and Eco-Academy

B. Food Security and Sustainable Livelihood
To ensure a sustainable livelihood for the community, eco-tourism include Buhatan River Cruise Visitor Center Buhatan River Mangrove Boardwalk are run by the community. Others include Organic Vegetable and Root crops Farming, Vegetable and Root crops Chips and by-products Processing and establishing a Zero waste store.

C. Empowered Communities
To empower the community, we provide product and Agri-Enterprise Development Training, Immersion and Learnings Exchange Program, Earth Warrior Training and Community Based Social Entrepreneurship Training

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