- Key Facts
- Board of Governors
- Board of Directors
- Departments and Offices
- Policies and Strategies
- Annual Meetings
- Independent Evaluation
- Public Sector (Sovereign) Financing
- Private Sector (Nonsovereign) Financing
- Funds and Resources
- Asian Development Fund
- Investor Information
- Business Opportunities
- Consulting Services
- ADB-Japan Scholarship Program
- News & Events
- Data & Research
- Industry and Trade
- Information and Communication Technology
- Public Sector Management
- Social Protection
- Capacity Development
- Climate Change
- Environmental Sustainability
- Gender and Development
- Poverty Reduction
- Private Sector Development
- Regional Cooperation and Integration
- Social Development
- Urban Development
- Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA)
- Central Asia Regional Economic Cooperation (CAREC)
- Greater Mekong Subregion (GMS)
- Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT)
- South Asia Subregional Economic Cooperation (SASEC)
- European Representative Office
- Japanese Representative Office [日本語]
- North American Representative Office
- Pacific Liaison and Coordination Office
- Pacific Subregional Office
Countries with Operations
- China, People's Republic of [中文]
- Cook Islands
- Kyrgyz Republic
- Lao PDR
- Marshall Islands
- Micronesia, Federated States of
- Papua New Guinea
Asia-Pacific Governments Urged to Consider Conditional Cash Incentives
MANILA, PHILIPPINES - Asia-Pacific governments should consider enhancing the use of Conditional Cash Transfers to help vulnerable families affected by the global financial crisis, Asian Development Bank (ADB) Vice-President Ursula Schaefer-Preuss said today.
Conditional Cash Transfer (CCT) programs provide cash payments to the most vulnerable groups in exchange for their participation in a range of beneficial activities such as prenatal care, nutrition programs, or school attendance.
"CCTs are particularly attractive policy options during economic downturns, because they provide counter–cyclical funds into the hands of the most vulnerable, who are likely to spend the money on essential items such as food and housing," Ms. Schaefer-Preuss said at the opening of the Regional Forum on Social Assistance in Manila.
"They, therefore, have an immediate welfare and poverty reducing effect – through provision of cash – and a longer term developmental effect through their potential to improve human health and education."
CCT programs have been successfully implemented in Latin American countries such as Brazil, Mexico, and Nicaragua. Many countries in Asia and the Pacific region are currently establishing or expanding similar schemes.
Ms. Schaefer-Preuss noted that despite Asia's remarkable success in sustaining growth, reducing poverty and improving living standards over the past two decades, the region still faces major challenges of extreme poverty in several countries.
Some 900 million people in Asia still live below the poverty line of $1.25 a day. With the global economic slowdown now spreading to the region, ADB estimates that at least 60 million people who would otherwise have been lifted out will remain mired in extreme poverty.
Investment in social assistance is a key priority in ADB's response to the crisis. Earlier this year, ADB approved loans on social protection measures for Mongolia, the Philippines, Pakistan and Viet Nam worth more than $1.1 billion. ADB has also approved a series of grant support, worth about $55 million, to Bangladesh, Indonesia, Mongolia, and Nepal.
The two-day regional workshop brings together more than 40 participants from ADB, developing member countries, partner development agencies, research institutes and civil society organizations who will share their views through interactive panel discussions.