Updated: 5 July 2010
Reducing risks, increasing opportunities
Social protection consists of policies and programs designed to reduce poverty and vulnerability by promoting efficient labor markets, diminishing people's exposure to risks, and enhancing their capacity to protect themselves against hazards and interruption/loss of income.
There are five main areas in social protection:
labor market policies and programs designed to promote employment, the efficient operation of labor markets and the protection of workers
social insurance programs to cushion the risks associated with unemployment, ill health, disability, work-related injury and old age
social assistance and welfare service programs for the most vulnerable groups with no other means of adequate support, including single mothers, the homeless, or physically or mentally challenged people
micro-and area-based schemes to address vulnerability at the community level, including microinsurance, agricultural insurance, social funds and programs to manage natural disasters
child protection to ensure the healthy and productive development of children
When implemented properly, these policies and programs can make a major contribution to ADB's overarching goal of poverty reduction.
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