Malawi remains one of the few nations in the world that has not gone into a coronavirus lockdown as the government rushes to meet the conditions of a court order to implement a cash transfer scheme for the poor before doing so. But as some parts of the world are slowing coming out of their lockdowns, it could be likely this southern African nation won’t go into one as the rerun of the country’s presidential election nears.
Currently only six percent of humanitarian aid worldwide comes in the form of cash handouts, yet many aid organisations believe that cash transfers should be seen as the rule, not the exception.
Fifty-five percent of the world’s poor still have limited protection from hunger and economic, social or political crises despite expansion of social safety programmes in developing countries in recent years.
Mobile-finance and direct cash grants are revolutionary tools that can substitute for under-developed financial sectors and help reduce poverty and promote entrepreneurship in developing countries, according to researchers here.
The debate over structural unemployment, automation and jobless economic growth began in the 1960s as car factories replaced workers with robots.
Latin America’s cash transfer programmes are a more effective weapon against poverty and social inequality than economic growth alone, according to a study by two Argentine economists.