A well-designed public safety net can provide aid to the poor in times of need. Two basic principles should guide safety net policies: 1) Safety nets should efficiently insure the poor; to do so they must respond flexibly to the needs of the poor. 2) Safety nets should be an intrinsic part of...

August 1999 - To minimize the harmful impact on poor people of macroeconomic shocks, sound policies for dealing with crises - and an adequate public safety net - should be in place before a crisis starts. Many developing countries faced macroeconomic shocks in the 1980s and 1990s. The impact of...

To minimize the harmful impact on poor people of macroeconomic shocks, sound policies for dealing with crises - and an adequate public safety net - should be in place before a crisis starts. Many developing countries faced macroeconomic shocks in the 1980s and 1990s. The impact of the shocks on...