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The impact of emerging issues on older people. 47 th Commission for Social Development, 9th February 2009. Older people contribute so much,. it’s time to invest in them. The century of ageing. Poverty and older people in Africa. Ongoing, cyclical food, fuel and climate crises.
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The impact of emerging issues on older people 47th Commission for Social Development, 9th February 2009 Older people contribute so much, it’s time to invest in them.
Ongoing, cyclical food, fuel and climate crises Even before price rises, 900 million chronically hungry • Higher % of income on food • Eating less • Buying less nutritious food • Less to invest in small-scale food production
Food and fuel crisis in Kyrgyzstan Impact on older people in winter • Entire pension (av. $30) on flour • Diet of bread and tea – no hot food, fruit or vegetables • Room temperature below 12C : cow dung or wood
The financial crisis: 2 trends affecting older people • Drops in the amount and value of development aid • Slowing economic growth
A pro-poor policy response • More and better aid • Stimulate internal consumer markets • Promote employment & social security • Money in the hands of poor • No reduction in government social spending High Level Task Force on Food Price Crisis: “comprehensive targeted social protection systems that achieve universal coverage of vulnerable groups and link to other basic social services will build resilience to future shocks” Expand and create social protection schemes
32% All households 21% Households 71% including 54% older people Households 98% only with 96% older people 0% 20% 40% 60% 80% 100% Poverty gap reduction Destitution gap reduction The impact of social pensions on poverty in South Africa
Impact of cash transfers on economic growth Social pensions stimulate demand for goods and services • In Zambia, 70% of cash is spent on locally-produced goods. • In South Africa, new businesses opened because of pension; balance of spending shifted from imported goods to locally produced goods. • In north-east Brazil, pension has significantly stimulated trade. • In Malawi – Dowa cash transfer – for every $1 transferred, a regional multiplier effect of up to 2.45 was observed in local economy.
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