Social Protection

Asian Development Bank, ADB

"Social protection is defined as the set of policies and programs designed to reduce poverty and vulnerability by promoting efficient labor markets, diminishing people’s exposure to risks, and enhancing their capacity to protect themselves against hazards and interruption/loss of income. Social protection consists of five major elements: (i) labor markets, (ii) social insurance, (iii) social assistance, (iv) micro and area-based schemes to protect communities and (v) child protection."

Source: ADB. 2003. "Social Protection - Our Framework: Policies and Strategies".  Mandaluyong: Asian Development Bank. <https://socialprotection.org/discover/publications/social-protection-our-framework-policies-and-strategies>. Accessed 18 June 2020.