Social Protection Policy

1. Social Protection Policy Third Caribbean Workshop on Social Protection and International Cooperation Inter-American Social Protection Network (IASPN) September 26-27, 2013 Hilton Hotel, Barbados Elbert N. Ellis Operations Officer, Social Analyst Social Sector Division, Caribbean Development Bank September 26, 2013 Presented by:

2. Presentation Structure • Social Protection – CDB’s Perspective • Why CDB’s Interest in Social Protection? • CDB’s Approach to Social Protection • Poverty Reduction and Social Protection Policy (PRSPP) • Operationalising PRSPP • Support to Strengthen Social Protection Programme • Borrowing Member Countries’ (BMCs) input to Strengthen Social Protection Programmes

3. Social ProtectionCDB’s Perspective “All interventions from public, private, voluntary organisations and social networks, to support communities, households, and individuals, in their efforts to prevent, manage, and overcome a defined set of risks and vulnerabilities” • Definition argues that: • Vulnerability is the critical factor threatening living standards and well-being of households and communities and a major factor in poverty and deprivation.

4. Why CDB’s Interest in Social Protection? Multiple Vulnerability impacts on BMCs based on research findings • High incidence of vulnerability to macroeconomic conditions and natural hazards. • Social protection for human development shows large gaps in coverage. • Livelihood insecurity and high levels of poverty in BMCs. • Programme targeting is poor and instruments are missing in key areas. • High percentage of workers employed in the informal sector not covered by formal social protection instruments (such as social insurance or pensions plans).

5. Why CDB’s Interest in Social Protection (cont’d.) Levels of poverty and inequality are critical vulnerabilities in BMCs. • Low human capital base (low levels of education and skills). • Poor housing conditions with issues of overcrowding. • Limited access to • potable water. • High incidence of malnutrition among children in poor households. • Increasing incidence of the working poor. • High levels of employment in informal sector. Profile of the Poor Profile of the Poor

6. Bank’s Approach to Social Protection CDB’s Poverty Reduction and Social Protection Policy (PRSPP)

7. CDB’s PRSPP Social Protection will be incorporated into the Bank’s Poverty Reduction Policy building on the strategic levers of Capability Enhancement, Vulnerability Reduction and Good Governance. • Strengthening social protection systems intended to reduce the adverse vulnerability impact on growth and development • Targeting social protection programmes. • Strengthening evidence-based social protection; data analysis, discussion and dissemination. KEY COMPONENTS • Reducing vulnerability to natural hazards and improving mitigation. • Enhancing monitoring and evaluation. • Strengthening Managing for Development Results (MfDR) Framework. • Sustaining development partnerships for social development financing.

8. Operationalisation of PRSPP BNTF CTCS Central Beneficiaries Registry and MIS Capital Projects M&E Within MfDR Framework CSPs PBLs Social Policy Framework CPAs GPRS CGAs Climate Change Disaster Risk Management CDB’s SP Policy OPERATIONALISED WITHIN THE CONTEXT OF GENDER-RESPONSIVE POVERTY REDUCTION AND INCLUSIVE-GROWTH

9. Borrowing Member Input to support PRSPP • Comments on proposed PRSPP. • Priority areas for CDB’s support. • Institutional capacity to implement social protection interventions. • Status of good governance framework. • Socio-political context for development.

10. Thank you! Questions and comments?