1. Social Protection Policy Elbert N. Ellis Operations Officer, Social Analyst Social Sector Division, Caribbean Development Bank September 26, 2013 Presented by: Third Caribbean Workshop on Social Protection and International Cooperation Inter-American Social Protection Network (IASPN) September 26-27, 2013 Hilton Hotel, Barbados

2. Presentation Structure  Social Protection – CDB’s Perspective  Why CDB’s Interest in Social Protection?  CDB’s Approach to Social Protection  Poverty Reduction and Social Protection Policy (PRSPP)  Operationalising PRSPP  Support to Strengthen Social Protection Programme  Borrowing Member Countries’ (BMCs) input to Strengthen Social Protection Programmes

3. Social Protection CDB’s Perspective “ All interventions from public, private, voluntary organisations and social networks, to support communities, households, and individuals, in their efforts to prevent, manage, and overcome a defined set of risks and vulnerabilities” Definition argues that: Vulnerability is the critical factor threatening living standards and well-being of households and communities and a major factor in poverty and deprivation.

4. Why CDB’s Interest in Social Protection? Multiple Vulnerability impacts on BMCs based on research findings  High incidence of vulnerability to macroeconomic conditions and natural hazards.  High percentage of workers employed in the informal sector not covered by formal social protection instruments (such as social insurance or pensions plans).  Livelihood insecurity and high levels of poverty in BMCs.  Programme targeting is poor and instruments are missing in key areas.  Social protection for human development shows large gaps in coverage.

5. Why CDB’s Interest in Social Protection (cont’d.) Levels of poverty and inequality are critical vulnerabilities in BMCs. Profile of the Poor Low human capital base (low levels of education and skills). Poor housing conditions with issues of overcrowding. Limited access to potable water. High incidence of malnutrition among children in poor households. Increasing incidence of the working poor. High levels of employment in informal sector.

6. Bank’s Approach to Social Protection Develop social protection as an integral part of BMCs development strategies. Investments in education as a vehicle to reducing current and intergenerational poverty. Maximise the contribution social protection can make to economic and social development and foster gender equality. Encourage BMCs to invest in social protection programmes as a means of reducing poverty. Encourage improvements in fiscal management at the country level and cooperation at the regional level (to strengthen macroeconomic frameworks to promote gender- sensitive poverty reduction and inclusive growth). CDB’s Poverty Reduction and Social Protection Policy (PRSPP)

7. CDB’s PRSPP Social Protection will be incorporated into the Bank’s Poverty Reduction Policy building on the strategic levers of Capability Enhancement, Vulnerability Reduction and Good Governance.  Strengthening social protection systems intended to reduce the adverse vulnerability impact on growth and development  Reducing vulnerability to natural hazards and improving mitigation.  Targeting social protection programmes.  Strengthening evidence-based social protection; data analysis, discussion and dissemination.  Strengthening Managing for Development Results (MfDR) Framework.  Enhancing monitoring and evaluation.  Sustaining development partnerships for social development financing. KEY COMPONENTS

8. Operationalisation of PRSPP Central Beneficiaries Registry and MIS CPAs GPRS CGAs CSPs PBLs Capital Projects BNTF CTCS M&E Within MfDR Framework Social Policy Framework Climate Change Disaster Risk Management CDB’s SP Policy OPERATIONALISED WITHIN THE CONTEXT OF GENDER-RESPONSIVE POVERTY REDUCTION AND INCLUSIVE-GROWTH

9. Borrowing Member Input to support PRSPP  Comments on proposed PRSPP.  Priority areas for CDB’s support.  Institutional capacity to implement social protection interventions.  Status of good governance framework.  Socio-political context for development.

10. Thank you! Questions and comments?