Financing Social Protection : Domestic and external options in low-income countries

Even if all countries maximised their domestic revenues and allocated a »fair« level for social protection, there would be 31 countries that could not afford for a minimum set of social protection floors. Since Covid-19, the largest social protection donor, the World Bank, has tripled its aid to 4 billion US dollars per year, nearly the same amount that the Global Fund to Fight AIDS, Tuberculosis and Malaria (GFATM) spends on health. In their own countries, donors spend the same on social protection as they do on education and health combined. Yet in their aid budgets, social protection receives seven times less than education and health.