![]() It emphasizes “prioritizing the poorest,” despite evidence, including by the World Bank itself, that programs that target households in extreme poverty fall short. However, its guidance on how countries can get there is problematic. The strategy makes a strong commitment to USP. Two weeks back, the World Bank published their new Social Protection and Jobs sector strategy, also known as the SPJ Compass. The World Bank is the largest donor towards social protection, with a portfolio of US$29.5 billion in 71 countries. © 2021 Sipa USA via APĪs rising inflation, climate change impacts, the Covid-19 pandemic, and armed conflicts create increasing levels of hunger, poverty, and inequality worldwide, universal social protection (USP) – designed to ensure an adequate standard of living for all people – is more important than ever. A woman and her child receive relief goods distributed by a community service center in Kathmandu, Nepal on June 4, 2021. ![]()
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