Strategy for Engagement on Social Spending published by IMF (6/2019)
“The paper A Strategy for IMF Engagement on Social Spending outlines the scope, objectives, and boundaries of engagement and provides guidance on when and how to engage on social spending. The strategy was informed by background analysis, broad consultations, and the Executive Board-endorsed recommendations of the 2017 Independent Evaluation Office (IEO) Report on “The IMF and Social Protection.”
The paper notes that interest in social spending issues intensified over recent decades— especially in the aftermath of the global financial crisis—reflecting concerns about rising inequality and the need to support poor and vulnerable households. Social spending is also a key policy lever for meeting the global commitment to support inclusive growth through the 2030 Sustainable Development Goals (SDGs) and for addressing emerging challenges from demographic shifts, technological developments, and climate change…”
