Henry Sumo

    Safety Nets and Cash Transfers

    The World Bank currently supports over 350 million individuals with social safety net programs worldwide.  COVID-19 saw the largest scale up of social safety net transfers in history.  And just last year, in response to the global food crisis, social protection responses more than doubled. An estimated 36 percent of the poorest people escaped extreme poverty because of social safety…

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      Economic Inclusion Programs Reach Only 10% of World’s Poorest

      Economic inclusion programs are cost-effective and impactful but are reaching only about one-in-ten people living in extreme poverty, according to a World Bank report released today. Economic inclusion programs—which provide cash transfers, skills training, business capital, coaching, and market access—build a ladder out of poverty for the poorest and most vulnerable people, particularly women. While…

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        Nigeria’s Zamfara State to Launch Social Protection Policy The Zamfara State government says it is set to launch a Social Protection Policy and Law, an innovative and all-inclusive project, critical in ensuring that its social systems are robust and responsive to the needs of the people, particularly the most vulnerable. Governor Dauda Lawal dropped the…

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          World Makes Efforts to reach 500 million people with Cash Transfers in low income countries by 2030

          Rio de Janeiro, November 15, 2024. As part of a concerted push towards the fight againstpoverty and hunger, a group of governments, multilateral development banks, and UN agenciesare announcing expanded efforts and increased cooperation with a view to reach 500 millionpeople with the expansion of cash transfer programmes in low and lower middle-income countriesby 2030,…

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            The survival Story: A spotlight on the informal sector, REALISE Project

            The Daily Reality Life in Monrovia is a challenging endeavour, where survival often feels like a game with three possible outcomes: win, lose, or draw. Many residents find themselves on the drawing board, eagerly awaiting their next opportunity to succeed in this struggle for existence. James Labellie, a local entrepreneur operating informally in downtown Monrovia,…

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              Gender-responsive social protection and climate resilience

              Women and girls are at heightened risk from climate change and weather-related shocks due to pre-existing gender inequalities. Socio-cultural and gender norms also mean that women have fewer options and more limited decision-making on how to mitigate these risks. Women’s livelihoods are typically more dependent on natural resources and agriculture, making them particularly vulnerable to…

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                Flood-Prone Communities to Benefit from REALISE Project

                Monrovia, September 26, 2024 — The Recovery of Economic Activity for Liberian Informal Sector Employment (REALISE) Project is set to make a significant impact in twelve flood-prone communities across Montserrado County. This initiative will be spearheaded by the Labor-Intensive Public Works (LIPW) component, which aims to provide temporary employment opportunities through community service initiatives. Jerry…

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                  1,500 Flood-Affected Families Receive Cash Assistance

                  Monrovia, September 23, 2024 – The Liberia National Red Cross Society (LNRCS), with support from the International Federation of Red Cross and Red Crescent Societies (IFRC) and the European Union (EU), has successfully completed the first phase of its emergency cash transfer program, aiding 1,500 families impacted by the unprecedented floods in June and July…

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