Where is the Money Coming From? Ten Stylized Facts on Financing Social Protection Responses to COVID-19

Where is the Money Coming From? Ten Stylized Facts on Financing Social Protection Responses to COVID-19

The unprecedented and ongoing scale-up of social protection responses to the COVID-19 pandemic dwarf the response to the Great Recession. But how are countries financing such scale-up efforts? This note lays out ten stylized findings from a rapid...

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Bibliographic Details
Main Authors: Almenfi, Mohamed, Breton, Melvin, Dale, Pamela, Gentilini, Ugo, Pick, Alexendar, Richardson, Dominic
Format: Policy Note
Language:English
Published: World Bank, Washington, DC 2020
Subjects:
CORONAVIRUS
COVID-19
PANDEMIC RESPONSE
SOCIAL PROTECTION
PUBLIC FINANCE
PUBLIC EXPENDITURE
CASH TRANSFERS
BUDGET PRIORITY
SOCIAL ASSISTANCE
Online Access:http://documents.worldbank.org/curated/en/737761605775837011/Where-is-the-Money-Coming-From-Ten-Stylized-Fact-on-Financing-Social-Protection-Responses-to-COVID-19
http://hdl.handle.net/10986/34802
Description
Summary:The unprecedented and ongoing scale-up of social protection responses to the COVID-19 pandemic dwarf the response to the Great Recession. But how are countries financing such scale-up efforts? This note lays out ten stylized findings from a rapid review of social protection financing sources in thirty-one countries, including in terms of composition between external and domestic resources, and specific modalities within each.

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