3.2.3 - RT 3: Financing universal social protection during COVID-19 and beyond: A case for national and global solidarity to build social protection systems which are adequate, sustainable and adapted to developments in the world of work
The Round-tables allowed organisations working in the field of social protection to propose their topics of interest and engage in an open discussion with experts, while also involving the audience. In these virtual round-tables, current pressing topics derived from experiences with the COVID-19 crisis were discussed by selected experts with a focus on the future of social protection.
Social protection financing is a critical issue that was discussed in almost all sessions throughout the e-conference. Panelists of this round-table stressed that COVID-19 has demonstrated in dramatic fashion the consequences of high coverage gaps linked to significant financing gaps in social protection: as many as four billion people were completely unprotected when the crisis hit. They concluded that in order to fulfil the global community’s commitments to extend social protection coverage to all, considerable investment and mobilization of domestic as well as international resources is required. Yet, it is not sufficient to simply invest more, it is crucial to also invest better.
In this regard Bangladesh stands out as an interesting country case: The Government, social and development partners joined forces to protect workers in the highly affected garment sector through a short-term cash transfer programme, while already considering how to ensure long-term sustainable financing.
Speakers: Matthias Thorns, Valérie Schmitt, Nenad Rava, Alison Tate, Ugo Gentilini, Anousheh Karvar, A.K.M Mizanur Rahman
Moderator: Bart Verstraeten
Resources shared via chat during this session: