GETTING READY FOR THE NEXT CRISIS: EFFECTIVE SYSTEMS FOR MANAGING VOLATILITY
Saturday September 24, 2011
11:00 AM - 12:00 PM
J1-050

Archive video link available at http://www.worldbank.org/pos/

The global food, fuel, and financial crises have underscored the need for countries to have effective safety nets and social protection approaches to manage volatility and prevent people from falling into poverty and hunger.  Recent analysis of the crises and continuing food price increases demonstrates that developing countries with effective social protection systems already in place were best able to weather the ensuing shocks, protect human welfare, and jumpstart job creation and economic recovery.  But these systems are missing in many countries - particularly in low-income countries - with the greatest structural risks as other priorities often crowd out crisis preparedness.

Key questions addressed included:
  • How social protection systems have helped selected countries manage risk and reduce volatility?
  • What are the lessons learned?
  • How to build or strengthen these systems to better prepare for future crises?

Panelist(s):Sufian Ahmed , Minister of Finance and Economic Development, Ethiopia
Cai Fang , Director and Professor, Institute of Population and Labor Economics, Chinese Academy of Social Sciences, People’s Republic of China
Victoria Garchitorena , Managing Director, Ayala Corporation, President of Ayala Foundation, Inc. and Philippine Development Foundation, Philippines
Rômulo Paes de Sousa , Vice Minister, Social Development and Fight against Hunger, Brazil
Geeta Rao Gupta , Deputy Executive Director, UNICEF
Moderator(s):Tina Rosenberg , Contributing Writer, The New York Times, United States

Organized by:Carolyn Reynolds, Federica Marzo, and Laura Rawlings, Human Development Network – World Bank Group

Last modified on: 09/28/2011 05:09:13 PM