Investing in People : Social Protection for Indonesia's 2045 Vision
The Government of Indonesia's Vision for 2045 sets an ambitious path that will require significant investments in human capital and social protection Indonesia continues to set ambitious goals for its growth and development. The Government of...
| Main Authors: | , , , , , , |
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Jakarta
2020
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/384621587010378649/Investing-in-People-Social-Protection-for-Indonesias-2045-Vision http://hdl.handle.net/10986/33767 |
| Summary: | The Government of Indonesia's
Vision for 2045 sets an ambitious path that will require
significant investments in human capital and social
protection Indonesia continues to set ambitious goals for
its growth and development. The Government of
Indonesia's (GoI) vision for 2045—when the country
celebrates 100 years of independence—is to achieve high
income status and reduce poverty to nearly zero. In addition
to sustained growth and income opportunities for all, an
inclusive and efficient social protection (SP) system will
be essential to meet these ambitious goals. In most
countries today, effective risk-sharing and SP policies play
important roles in building equity, resilience and
opportunity, and in strengthening human capital. Indonesia
is no different. Risk sharing interventions can reduce and
prevent poverty, and make growth more equitable by
safeguarding households' human and physical capital.
Over the past two decades, Indonesia's SP system has
been fundamentally transformed. In particular, it has moved
from the dominance of regressive consumer subsidies and
ad-hoc crisis response to targeted and household based
social assistance programs, with a massive coverage
expansion. In terms of social insurance, recent years have
seen an ongoing building and integration of its policies and
institutions. This has all been made possible through better
spending allocations and a build-up of the needed platforms
to deliver programs effectively and efficiently. |
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