Social Protection Key to Sustainable Development, ADB Chief Says

If Asia and the Pacific wants to attain sustainable and inclusive economic growth, it must invest in stronger social protection programs, Asian Development Bank President Haruhiko Kuroda said. “The global economic crisis made us acutely aware of the extreme vulnerability of individuals to various sources of risk. These include economic shocks, loss of employment, disability and illness, natural disasters, conflict, and environmental degradation,” Kuroda said during the opening of a social protection conference in Manila.Social protection measures include, among others, conditional cash transfers, improved access to basic health care and education, old-age pension, disability benefits, and child support.

About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.