ILO to launch universal social protection funding gaps

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DHAKA, Nov 19, 2019 (BSS) – International Labour Organization (ILO) will launch a report presenting new estimates of the sums needed to achieve universal social protection in 134 developing countries around the world on 26 November 2019 in Geneva, according to a message received here today.

It said the report measuring financing gaps for achieving SDG target 1.3: Global estimates and strategies for developing countries stresses that spending on coverage needs to increase dramatically to achieve universal coverage of a basic set of social protection measures, including cash transfers to children; maternity benefits for mothers with newborns; disability benefits; and old age social pensions.

The report will be launched during Global Social Protection Week (25-28 November), at ILO headquarters in Geneva. Experts attending the meeting will agree a roadmap for the future of social protection within the framework of the ILO Centenary Declaration on the Future of Work, the message added.