Re-globalization of macro-social responsibility
Photo Credit : Greg Demarque
Due to a combination of emergency needs and years of efforts, Lebanon has at the beginning of the year signed off with the World Bank on a USD 246 million loan for implementation of an Emergency Crisis and Covid-19 Response Social Safety Net project, or Emergency Social Safety Net (ESSN) for short [Editor’s note: the loan was voted upon on March 12th by the Lebanese Parliament]. Following more than a decade in which the country had seen numerous proposals for reform of its antiquated national social security system and subsidy regime, the establishment of the ESSN – which had been pushed forward inch by inch by the earlier creation of a limited National Poverty Targeting Program (NPTP) – conceptually could be a big step towards establishing a more-welfare-inclined Lebanese state. In terms of social and fiscal policies, it could be the turning point on a journey from a free-market practice to a socia
Lebanon Emergency Crisis and COVID-19 Response Social Safety Net Project (ESSN)
1. What is the ESSN Project?
The ESSN is a US$246 million 3-year project that will provide cash transfers and access to social services to extreme poor and vulnerable Lebanese populations affected by the economic and COVID-19 crises. The objective of the ESSN is to arrest the increase in extreme poverty and to preserve the human capital of 13 - 18 years old children enrolled in public schools, through the provision of cash transfers and access to social services. The ESSN also aims to build a sustainable national social safety net (SSN) system in Lebanon. The ESSN will scale-up and enhance the Government of Lebanon s (GOL) National Poverty Targeting Program (NPTP). The NPTP is Lebanon s main poverty-targeting social assistance program launched in 2011 with financial and technical assistance from the World Bank. The ESSN project is financed through a US$246 million World Bank low-interest long-term matur
World Bank Group (via Public) / US$246 Million to Support Poor and Vulnerable Lebanese Households and Build-Up the Social Safety Net Delivery System publicnow.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from publicnow.com Daily Mail and Mail on Sunday newspapers.