The International Symposium, convened by the ILO, UNICEF, the Global Coalition for Social Protection Floors (GCSPF) and the European Union, brings together policymakers, social partners, civil society, and development partners to discuss the innovative practices and strategies for building sustainable and rights-based social protection systems resulting from the Social Protection & Public Finance Management Programme (SP&PFM).
Social protection is a human right, and in certain circles, it is considered an expenditure, a cost. Evidence is mounting for it to be referred to as an investment, given its economic and social returns. The session will present new evidence on the positive returns of investing in social protection and will highlight experiences which successfully mobilise resources and create fiscal space to fund this investment even in the post-COVID-19 context characterised by multiple food, energy and economic crisis, growing debt burdens and calls for austerity.