As we approach the Fourth International Conference on Financing for Development (FfD4), the United Nations Special Rapporteur on Extreme Poverty and Human Rights, Olivier De Schutter, and the International Trade Union Confederation (ITUC), urge the international community to take bold action to address the financing gaps for social protection.
Governments have made repeated pledges to support the establishment of social protection floors. These pledges remain largely unfulfilled. In order to deliver on these promises, progress should be made towards establishing an international financing mechanism (i.e., a ‘Global Fund’) to mobilise and coordinate international support to social protection to address critical financing gaps for low-income countries. Such a mechanism would greatly support delivery on agreed international commitments to extend social protection, address poverty and reduce inequalities, in line with targets 1.3 (universal social protection), 3.8 (universal access to healthcare) and 10.1 (reducing income inequalities) of the UN Sustainable Development Goals (SDGs).
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