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Resilience, equity, and opportunity : the World Bank's social protection and labor strategy 2012-2022 (English)

Effective social protection and labor (SPL) policies occupy center stage, as never before. As the globalized world continues to be gripped by an economic downturn, few countries are spared from having to wrestle with the consequences for their people of unanticipated economic shocks and unmet expectations for good jobs. The decade ahead is fraught with risk. Yet it is also filled with promise for those who can manage these risks and access opportunities. To assist countries in delivering on this promise for all their citizens, the World Bank has developed a new SPL strategy. The strategy is built on a platform that helps overcome four elemental gaps in SPL today: in integration across programs and functions, in access to SPL instruments, in promotion to ensure access to jobs and opportunities, and in global knowledge of effective SPL approaches. A focus on systems is not an end in itself. It is a gateway to deliver outcomes. Effective SPL systems build resilience by ensuring that individuals and families are well?protected against the sudden shocks that are likely to overwhelm them. They improve equity at both national and global levels by reducing poverty and destitution with strong support to people in low income countries, and those in the informal sector. To that end, the strategy takes into account the importance of having well?functioning social safety nets, proven to reduce poverty and inequality, promote access to health and education among poor children, and empower women; and sustainable social insurance programs that help cushion the impact of crises on households. The strategy promotes effective policies for productive employment which help people gain access to labor markets and accumulate skills, both during recovery from economic crisis and in normal times. The strategy is designed to help harness knowledge management in key ways: by generating evidence and lessons to inform effective policies; promoting South?South knowledge sharing and open access to data and information; and providing global leadership in research, analysis and data management. Today, SPL at the World Bank is a young, strong sector, accounting for a significant share of Bank lending and knowledge and serving as a global leader in its work on evidence?based policy?making. The strategy builds on the foundation of this work. This publication sets out a snapshot of the strategy's goals, direction, and commitments. The authors believe that the strategy provides a fundamental underpinning to the work of the Bank and its development partners and hope that it responds to the needs of countries engaged in the move toward effective SPL and ultimately more effective and inclusive growth and development.

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Resilience, equity, and opportunity : the World Bank's social protection and labor strategy 2012-2022 (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/443791468157506768/Resilience-equity-and-opportunity-the-World-Banks-social-protection-and-labor-strategy-2012-2022