Discussing Graduation Programmes: The role of Social Protection for Productive and Financial Inclusion
Social protection has been recognized as a critical strategy for poverty reduction and inclusive growth. Evidence coming from country-level impact evaluations shows that social protection, when integrated in broader rural development strategies, can generate a broad range of impacts: boosting economic growth; enhancing the productivity of families; achieving food security and nutrition, and building the resilience of poor rural families through removal of financial and social barriers. However, effectively and sustainably lifting people out of poverty requires more, it requires integrated approaches.
In recent years, the Graduation concept, which refers to livelihood interventions, which provide a combination of intensive support to extremely poor households during a period of time with the objective to “graduate” households into sustainable livelihoods and progressively out of poverty, is gaining traction. Graduation is increasingly an objective of social protection and rural livelihood programmes, as it is seen as effective approach to reach programmes’ objectives to move beneficiaries out of extreme poverty or food insecurity thus ensuring financial inclusion.
The expansion of social protection systems is one of the targets to end poverty under the 2030 Agenda. Countries have committed to implement nationally appropriate social protection systems and measures for all, including floors, and by 2030 achieve substantial coverage of the poor and the vulnerable. However, more than 70 percent of the global population today is still not covered by social protection and the majority of these people live in rural settings.
Frank F. DeGiovanni, Former Senior Advisor to the President, Ford Foundation
Lara Storm, Director of Advisory Services, BRAC USA
Ana Ocampo, Social Protection Officer, FAO
This webinar was hosted by the FAO.