Shock Responsive Social Protection Presentation.pptx

Presentation for Shock Responsive Social Protection

1. Social Protection for risks and shocks

2. Shock Responsive Social Protection -Social protection systems can be seen:- as a potentially effective mechanism in reducing the impacts of these risks on vulnerable households and in contributing to building resilience beyond short-term coping strategies. -A system that is designed to better anticipate and respond to shocks, in coordination with other sectors, can play an important role to better prepare for, and cope with, the impacts of stresses and Shocks

3. standard social protection systems are designed to respond to household or individual level shocks, a shock responsive social protection system is equally prepared to respond to large-scale covariate shocks (e.g., droughts, floods, conflicts and pandemics) affecting a large number of households simultaneously. Shock responsive adaptation may take the form of design tweaks to an existing programme , by piggybacking on another programme , vertical expansion (topping up support to existing caseloads), horizontal expansion (temporarily extending support to new caseloads) or by aligning humanitarian systems with SP.

4. Shock-responsive social protection is a term used to bring focus on shocks that affect a large proportion of the population simultaneously (covariate shocks). It encompasses the adaptation of routine social protection programmes and systems to cope with changes in context and demand following large-scale shocks.

5. Adaptive social protection (ASP) Adaptive social protection (ASP) helps build the resilience of poor and vulnerable households by investing in their capacity to prepare for, cope with, and adapt to shocks, ensuring that they do not fall (deeper) into poverty.

6. Conceptualization of risk Risk can be described in terms of a balance between probability and magnitude Probability may be alternatively expressed in terms of probable frequency with which a shock occurs A household may face a relatively high probability of a short-term incapacitating illness or poor harvest (i.e. these will occur perhaps every few years), but could probably weather these A crippling accident or illness, or the complete failure of the harvest, would be rarer but more devastating

7. Patterned Vs. Generalized Shocks. shocks which affect only certain individuals or households e.g. non-communicative illness or accidents, frictional unemployment, etc. shocks which affect all those in the society or region under question e.g. financial crisis, inflation, crop failure in a monoculture rural economy

8. Single Vs Repeated Shocks many shocks are associated e.g. disease following famine strategies capable of mitigating or coping with a single shock may give way under the impact of repeated shocks

9. Catastrophic Vs. Non-catastrophic Shocks essentially relates to the magnitude of the shock some shocks are relatively small can be absorbed through minor adjustments in the household economy e.g. selling some assets, reducing non-essential consumption, etc. others are potentially devastating

10. Risk Management Strategies Based upon probability and magnitude of the risks, actors (individuals or institutions) may attempt to manage risk in three different ways. Risk reduction Risk mitigation Risk coping

11. Risk Reduction actions taken in advance of a shock reduce the probability that the risk event will occur e.g. economic policy measures to minimize the risk of inflation or currency crisis

12. Risk Mitigation actions taken in advance of a shock reduce the magnitude of the potential risk event e.g. - diversification of livelihood strategies - taking out insurance (formal or informal)

13. Risk Coping actions taken once the risk has occurred reduce – or distribute – the effects e.g. selling assets reducing consumption undertaking more physically risky activities to earn a livelihood undertaking socially unapproved activities to earn a livelihood