A Global Fund for Social Protection to Promote Policy and Fiscal Space to Make the Right to Social Protection a Reality For All

The proposal for a Global Fund for Social Protection has existed for nearly a decade. Indeed, high-level international discussions were held on the topic recently. In June 2021, the International Labour Conference’s (ILC) committee on social security called on the ILO to “engage in discussions on a new international financing mechanism, such as a Global Social Protection Fund”, to which several governments and organizations, including the United-States and the European Union, expressed their support In June 2021, the United Nations (UN) Special rapporteur for Extreme Poverty and Human Rights presented a report to the UN Human Rights Council on the value, options for governance and potential funding modalities of such a Fund. Finally, in September 2021, the UN Secretary-General mentioned in his report the Global Fund for Social Protection as a potential means to support countries in increasing levels of funding devoted to social protection.

To read the report: click here