In the framework of the negotiations on Financing for Development, the Global Coalition for Social Protection Floors has released its proposal for the set up of Global Fund for Social Protection Floors (GFSPFs): a solidarity based financing mechanism to help countries design, implement and, to a limited extent, finance national floors of social protection.
While not replacing domestic resources necessary to ensure the sustainability of social protection systems, the fund would aim at
a) Providing technical support for national efforts to plan and design national SPFs and the training of national planning and administrative staff;
b) Co-financing of SPF transfers in exceptional cases.
The full proposal is available at the following LINK.
Global Fund for Social Protection
Over 200 civil society organizations and trade unions unite to call for a Global Fund for Social Protection to protect the most vulnerable during COVID-19 and beyond.
The programme Improving Synergies Between Social Protection and Public Finance Management provides medium-term support to multiple countries aiming to strengthen their social protection systems at a national level and ensure sustainable financing. The programme aims to support countries in their efforts towards achieving universal social protection coverage.
This initiative is implemented jointly by the ILO, Unicef, and the GCSPF.