A game changer for social protection? Six reflections on COVID-19 and the future of cash transfers
By The World Bank There is little doubt that the magnitude of the social protection response to COVID-19 is of historical proportions. According to our research on measures taken by 215 countries and territories, at least $800 billion have been invested in social protection in the past nine months, a level 22% higher than during the great recession of 2008–09. This amounts to more than 1,400 social protection measures, of which about one-third took the form of cash transfers reaching over 1.1...