May 2020
22May

Coronavirus and Older Adults: A Highly Vulnerable Group

By María Laura Oliveri Older adults are among the largest groups at risk for the coronavirus and they have the highest fatality rate in several countries. Learn about the resources and materials that we offer to guide caregiving and public policy on aging and long-term care in countries in the region. Nursing Homes: Dangerous Infection Hotspots Since the outbreak of the coronavirus epidemic, it has been confirmed that older adults are the most vulnerable age group. They are...

May 22, 2020
Aging, Articles, , , ,
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22May

The Economic Commission for Latin America and the Caribbean proposes Universal Basic Income

The Economic Commission for Latin America and the Caribbean, a regional organism of the United Nations Secretariat has declared itself in favour of a new regime of welfare and social protection that includes the gradual, progressive and sustained establishment of universal basic income in the region of Latin America and the Caribbean. Read also World Bank Group: 100 Countries Get Support in Response to COVID-19 (Coronavirus) On May 12th, its executive secretary, Alicia Bárcena, presented the 3rd Special Report COVID-19:...

May 22, 2020
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21May

India. Lack of social security for women in informal economy needs to be addressed

It was in the middle of the second lockdown. Ayeshaben, a home-based garment worker suddenly experienced chest pain. Her son, Asif, a tailor, requested one of his customers to take his mother in his rickshaw to the hospital. Thankfully, Ayeshaben has been taking insurance cover with SEWA’s insurance cooperative, VimoSEWA, for the last 15 years. Her claim of Rs 5,000 was processed online after Asif sent all her documents via WhatsApp. There are millions of Ayeshabens in this country....

May 21, 2020
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20May

World Bank Group: 100 Countries Get Support in Response to COVID-19 (Coronavirus)

The World Bank Group today announced its emergency operations to fight COVID-19 (coronavirus) have reached 100 developing countries – home to 70% of the world’s population. Since March, the Bank Group has rapidly delivered record levels of support in order to help countries protect the poor and vulnerable, reinforce health systems, maintain the private sector, and bolster economic recovery. This assistance, the largest and fastest crisis response in the Bank Group’s history, marks a milestone in implementing the Bank...

May 20, 2020
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18May

Africa’s population is aging and it needs social protection

As the world continues to grapple with the unfolding COVID-19 crisis, many in Africa are worried not only about its spread but about the pandemic's long-term economic consequences as well. But long before our attention was captured by this virus, African governments were already ignoring an increasingly important factor in securing healthy populations and prosperous economies: Africa's older population is growing fast. Read also How COVID-19 impacts asset allocation strategy of pension funds According to a 2017 UN report on...

May 18, 2020
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18May

Social protection responses to the COVID-19 crisis around the world

By ILO This note summarizes the results of the Social Protection Monitor that tracks announcements of social protection measures responding to the possible impacts of the COVID-19 crisis. We will update this note as new data and information become available in this rapidly evolving situation. Disclaimer: Owing to the exceptional circumstances generated by this global health pandemic, there has been intense activity in terms of the breadth of national responses and therefore not all information contained in this document could be...

May 18, 2020
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15May

Informality and the Challenge of Pension Adequacy: Outlook and Reform Options for Peru

By Christoph Freudenberg and Frederik Toscani Past reforms have put the Peruvian pension system on a largely fiscally sustainable path, but the system faces important challenges in providing adequate pension levels for a large share of the population. Using administrative microdata at the affiliate level, we project replacement rates in the defined benefit (DB) and defined contribution (DC) pillars over the next 30 years and simulate the impact of various reform scenarios on the average level and distribution of...

May 15, 2020
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15May

The End of Leisure and Retirement, COVID-19: Innovations, Jobs, Pensions, and Keynes: Guaranteed Income or Future Poverty and Redundancy?

By Niccolo Leo Caldararo The history of the support by society of the aged is discussed in cross cultural and historical context. Various cultural traditions are compared with the forms developed in complex societies from ancient Egypt and Greece and Rome, to China, the Aztec, Inca and Maya, to those of religious organizations, or those developed under different modern ideological systems like capitalism and communism as well as social democratic nations. It is found that the way a...

May 15, 2020
Aging, Articles, Labor Market, System Sustainability, , , , ,
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15May

India. World Bank to provide $1 billion loan for social protection

After healthcare, the World Bank on Friday said it had cleared a $1 billion assistance for social protection and is in talks with the government for funding initiatives to assist micro, small and medium enterprises (MSMEs). World Bank country director Junaid Ahmad did not elaborate on the size of the loans for MSMEs, saying they were being negotiated. Read also Covid-19 impact: Global pension funds pause India investment He, however, complimented the government’s approach, focusing on healthcare, social protection and...

May 15, 2020
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05May

COVID-19 Is Exposing the Holes in Latin America’s Safety Nets

Governments around the world need to get cash into the pockets of families who lost their income due to the coronavirus, and Latin America might seem well-equipped for the task. The region helped pioneer massive cash transfer programs for low-income families over the past three decades, with notable success in Brazil, Mexico and elsewhere. But the pandemic has instead exposed existing vulnerabilities in Latin America’s social safety net. If policymakers aren’t careful, it could create new ones as well....

May 5, 2020
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