The Social Protection Floor (SPF) Initiative is driven by a coalition of UN agencies and development partners promoting universal access to essential social transfers and services.
Presently, 80% of the global population is lacking an adequate set of social guarantees that allows them to deal with life's risks. Ensuring basic social protection for these people, many of whom are struggling to survive, is a necessity. Investing in a SPF is investing in social justice and inclusive, equitable and sustainable development. Social protection contributes to economic growth by raising labour productivity and enhancing social stability. In times of crisis, a SPF acts as an automatic stabilizer for the economy by alleviating the decline in aggregate demand. Calculations by various UN agencies show that a basic floor of social transfers is affordable at virtually any stage of economic development.