By The World Bank
Following the intense fiscal concern in 2001 02, Argentina mobilized an unparalleled attempt to supply source of revenue help to the phase of the inhabitants so much in desire. Now, as progress has lower back and social signs recovered to precrisis degrees, there's a gap to maneuver from emergency aid courses to a extra complete, long term, and sustainable method for social defense. The problem is to layout and completely enforce a social safeguard approach that has sufficient insurance and merits and is built-in and fiscally and politically sustainable. The research contained during this booklet aimed to give a contribution to and tell the talk in regards to the way forward for source of revenue aid rules in Argentina, taking the perspectives, values, and personal tastes of the stakeholders and the inhabitants as beginning issues. The study integrated cutting edge efforts to assemble and comprehend the panorama of principles relating to strategies for social safeguard circulating in Argentina: first, an intensive set of consultations with coverage makers and practitioners in social coverage, often on the provincial point; and moment, a countrywide, consultant opinion survey at the perspectives and perceptions of the inhabitants relating to social coverage and source of revenue help courses specifically.
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Additional resources for Argentina: Income Support Policies Toward the Bicentennial (World Bank Country Study)
Note: AFJPs = private pension funds; PAYG = Pay As You Go. (c) The International Bank for Reconstruction and Development / The World Bank Argentina 31 During the past decade the two largest income transfer programs have become more equally distributed, although for different reasons. While pensions approached the equity line from below, the family allowances curve did so from above. In the case of pensions, the expansion of coverage and, in particular, the flattening of the benefit structure, made the distribution of pensions more equitable.
6. Family Allowances and Unemployment Insurance—Number of Beneficiaries, 1992–2007 Source: ANSES 2007. (c) The International Bank for Reconstruction and Development / The World Bank 14 World Bank Working Paper By the end of the century, the effectiveness of social protection (strongly based on social insurance) for poverty alleviation was reduced by low coverage resulting from informality and the parametric reforms introduced during the 1990s. This reduced effectiveness become evident when Argentina entered the worst phase of the economic crisis.
Since 2003, GDP rose at a steady rate of 9 percent, one of the most sustained periods of economic growth in the history of Argentina, supported by a favorable international context and driven by high commodity prices. The economic recession resulted in record levels of poverty. Half of the population fell into poverty in 2002 and almost 25 percent were in extreme poverty. Poverty rates at the beginning of the 1990s were below 20 percent. Although GDP fluctuated during the mid-1990s, the poverty rate rose sharply until 1996.
Argentina: Income Support Policies Toward the Bicentennial (World Bank Country Study) by The World Bank