Time of event
ADB’s developing member countries (DMCs) recognize social protection as a key priority to achieve inclusive growth. Governments have already started designing and reforming their social protection systems, but coverage provided by social insurance typically remains limited to formal employment.
One of the key challenges to expanding social protection in DMCs, particularly in low- and middle-income countries, is adequate financing. To meet the basic minimum of a social protection floor, low-income DMCs have to increase their spending to an average of 5% of their GDP, and middle-income DMCs to about 2% to meet SDG targets.
Financing constraints in DMCs are compounded by the low quality of demonstrated capacity to design and implement social protection programs. Three factors contribute to this: (i) lack of financial analysis of the current social protection programs, (ii) lack of strategic frameworks to finance sustainable social protection programs, and (iii) lack of training on planning and monitoring public spending on social protection programs. This event will help address these factors.
- Promote discussion among government officials and experts to enhance capacity to assess and access financing options to expand social protection programs.
- Strengthen the capacity of government ministries to better plan, design, implement, and monitor social protection programs.
- More than 20 government officials working on SDGs related to social protection from DMCs, including Azerbaijan, the People’s Republic of China, Indonesia, Kazakhstan, Malaysia, Mongolia, Thailand , Timor Leste, and Viet Nam
- Experts from ADB and other international organizations
- Shared knowledge and experiences on responding to the challenge of financing social protection programs to achieve the SDGs
- Case studies on financial social protection programs in Asia
- Presentation materials to be uploaded to the ADBI website
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