Topic updates
Economic Development - Are Cash Transfers Crucial in Cutting Poverty?

8th March 2023
Cash transfers have become one of the main social protection tools in the developing world. This short topic video looks at the debate over the effectiveness of cash transfer programmes in low and middle-income countries. We also highlight the work of the NGO Give Directly.
The most common critique of giving cash to people in poverty without conditions is a fear of dependency ("teach a man to fish..."). It's wrong. 🧵/6 pic.twitter.com/wd70z126pC
— GiveDirectly (@GiveDirectly) February 27, 2023
- 648 million people in the world, about eight percent of the global population, live in extreme poverty, which means they subsist on less than US$2.15 per day (PPP)
- Almost a quarter of the global population, 23 percent, live below the US$3.65 PPP poverty line
- 47 percent, live below the US$6.85 PPP poverty line
- Global median income is US$7.60 PPP per person per day
Cash transfers are a type of social protection programme in low-income countries that provide direct financial assistance to vulnerable households. Cash transfers generally involve providing a set amount of money per month in a local currency or in $s to eligible households.
Conditional cash transfers (CCT) require that the recipients meet certain criteria, such as sending their children to school or attending health checkups and having children immunized
Unconditional cash transfers (UCT) are provided without any such requirements. They are provided universally.
You might also like

Sugar Cane and Economic Development in Mauritius
20th October 2014

Growth and Development in the Ivory Coast
20th October 2014
The Power of Remittances
19th October 2014

Growth and Development in Ethiopia
17th October 2014

Development Progress for the Ivory Coast
2nd February 2014

China’s Development - Past Present and Future
25th January 2014

Micro Credit and Development
18th January 2013