Tracking Global Social Protection Responses to Price Shocks: Living Paper v.2 (Vol. 2)

Ugo Gentilini, Mohamed Bubaker Alsafi Almenfi, Hrishikesh Tirumala Madabushi Matam I, Yuko Okamura, Emilio Raul Urteaga, Giorgia Valleriani, Jimmy Vulembera Muhindo and Sheraz Aziz

No 171201, Social Protection Discussion Papers and Notes from The World Bank

Abstract: Between April and June, 2022, the number of social protection measures announced orimplemented in response to inflation rose by about 70 percent. These currently include 376 responses across 121economies. Subsidies claim 61 percent of social protection responses and take four main forms (fuel, food, fertilizers,and various fee subsidies). Social assistance accounts for 21 percent of responses, 71 percent of which is provided inthe form of cash transfers. Social protection programs cover, or are planning to do so, 449.6 million people. Basedon 111 countries or territories with available data, a total of $277.7 billion is being invested in social protectionresponses. The size of social assistance transfers represents about one-fifth of median income. Most transfersare new and are provided on a one-off basis as opposed to monthly installments. Trade-related measures represent 12percentof total responses and are implemented in 32 economies. Active labor market policies and social insurancerepresent 3 percent and 2 percent of measures, respectively.

Date: 2022-06-30
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