The G2P opportunity: Five reasons why now is the time to leverage social protection to enable financial inclusion and savings among the poorest

2012 ◽  
Vol 23 (1) ◽  
pp. 38-53
Author(s):  
Jamie Zimmerman ◽  
Jamie Holmes
Author(s):  
Debashis Sarker

This article constitutes a summary of the literatures and practices on the microfinance industry and its contribution, the status of people with disabilities (PWDs), and the case studies for financial inclusion in Bangladesh. Many Microfinance Institutions (MFIs) are operating to serve all segments of the clients for financial inclusion. People with Disabilities encounter several exclusions in the mainstream microfinance institutions in Bangladesh. At the same time, MFIs faces numerous challenges to serve these people. Even if it is not a formal analysis, it is still found that PWDs encounter tremendous discrimination such as social, political, physical, cultural, environmental; serious barriers including formal and self-employment, less access to credit, government support and social safety net system. On the other hand, these people often put themselves into ‘benefit traps’. Microfinance institutions do not realize that many disabled people are economically active, that disabled customers expect service, and do not know how to adapt products for disabled people. The profitable partnership between MFIs and Disabled People’s Organization (DPOs) are absent in practice. The government’s social safety nets programme is also very limited. Economic rehabilitation would come into progress when integration happens by blending social protection and necessary resources for income generation.


2021 ◽  
Vol 34 (1) ◽  
Author(s):  
ALICE JOAN G. FERRER ◽  
ROBERT POMEROY ◽  
MICHAEL J. AKESTER ◽  
UMI MUAWANAH ◽  
WATCHARAPONG CHUMCHUEN ◽  
...  

This paper describes the impacts of and responses to COVID-19 of small-scale fisheries in six selected countries in Southeast Asia, including Indonesia, Malaysia, Myanmar, Philippines, Thailand, and Vietnam. The paper used a structured case study approach to analyse the impacts and responses and relied heavily on existing reports and data sources in each country. The pandemic has further revealed the vulnerability of small-scale fishing households in the region. Given the few assets of fisher households, their ability to cushion the negative impact of crises and shocks is limited. Fishers made adaptive responses such as direct fish marketing, online marketing, and home delivery services. While short-term responses of providing food and financial assistance have been helpful, long-term support to address pandemics such as COVID-19 and other stressors will require developing more resilient fishing households. The paper recommends several approaches and interventions to improve household resilience and to be better prepared for similar challenges and threats in the future. These include: i) strengthening the fishing households’ social network of friends, relatives, and neighbours to serve as both a social safety net and a bridge towards the transition to financial inclusion; ii) diversifying livelihood to reduce dependency on the fishery and provide for additional sources of income and food; iii) promoting financial inclusion through savings, credit, digital payment products, and insurance; iv) value chain upgrading through post-harvest fish handling and processing methods; and, v) providing access, especially for women, to social protection measures such as government health insurance and social security.


2021 ◽  

The Global Informal Workforce is a fresh look at the informal economy around the world and its impact on the macroeconomy. The book covers interactions between the informal economy, labor and product markets, gender equality, fiscal institutions and outcomes, social protection, and financial inclusion. Informality is a widespread and persistent phenomenon that affects how fast economies can grow, develop, and provide decent economic opportunities for their populations. The COVID-19 pandemic has helped to uncover the vulnerabilities of the informal workforce.


2010 ◽  
Vol 14 (3-4) ◽  
pp. 324-342 ◽  
Author(s):  
Anurag Priyadarshee ◽  
Farhad Hossain ◽  
Thankom Arun

Author(s):  
G. Z. Yuzbashieva ◽  
A. M. Mustafayev ◽  
R. A. Imanov

The indicators that determine the change in the macroeconomic situation in the economy of Azerbaijan in 2010–2017, as well as the conditions for increasing the effectiveness of state intervention in solving economic problems are analyzed. It is noted that it is not the size of the public sector that becomes important, but its qualitative component (management and redistribution of resources and revenues, coordination of government intervention in economic relations). The main reasons limiting economic growth are identified, and the mechanisms for overcoming them are disclosed, since economic growth is of particular importance in the transformational period of state development. It substantiates the assertion that the forms and methods of state regulation should be the result of a reasonable combination of the private and public sectors of the economy to more effectively achieve the goal of economic development of the country and increase the welfare of the population. To this end, it is advisable to limit the actions of market forces and find a rational ratio of market and government measures that stimulate economic growth and development.It is shown that in the near future the development of the economy of Azerbaijan should be focused on the transition to the integration of various models of economic transformation; at the same time, “attraction of investments” should be carried out by methods of stimulating consumption, and the concept of a socially oriented economy, which the state also implements, should prevail, thereby ensuring social protection of the population and at the same time developing market relations. Disproportions in regional and sectoral development are also noted, which are the result of an ineffective distribution of goods produced, inadequate investment in human capital, a low level of coordination and stimulation of economic growth and development.


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