Nicaragua Social Protection Public Expenditure Review
This review of public expenditures on Social Protection (SP) in Nicaragua is based on the analytical framework of Social Risk Management (SRM) developed by the World Bank. The concept of managing social risk comes from the notion that certain group...
Main Author: | |
---|---|
Format: | Report |
Language: | English en_US |
Published: |
World Bank, Washington, DC
2017
|
Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/442261468062332070/Nicaragua-Social-protection-public-expenditure-review http://hdl.handle.net/10986/28104 |
Summary: | This review of public expenditures on
Social Protection (SP) in Nicaragua is based on the
analytical framework of Social Risk Management (SRM)
developed by the World Bank. The concept of managing social
risk comes from the notion that certain groups in society
are vulnerable to unexpected shocks which threaten their
livelihood and/or survival. Social protection focuses on the
poor since they are more vulnerable to the risks and
normally do not have the instruments to handle these risks.
This prevents the poor from taking more risky activities
that usually yield higher returns and that could help them
overcome gradually their poverty situation. Social risk
management involves policies and programs aimed at reducing
key risks, breaking inter-generational cycle of poverty and
vulnerability. Risk management consists in the choice of
appropriate risk prevention, mitigation and coping
strategies to minimize the adverse impact of social risks.
Social protection under SRM is defined as public
interventions to assist individuals, households and
communities to better manage risk and provide support to the
critically poor. Thus Social protection should provide: a
safety net, particularly for the poor that are likely to
fall in the cracks of established programs; and a
springboard for the poor to bounce out of poverty. |
---|