Strengthening Saint Lucia’s Safety Net to respond to Future Shocks
According to the Saint Lucia’s 2016 Survey of Living Conditions and Households Budget,
annual Social Safety Net (SSN) spending average at 1.3 percent of GDP. Despite this
spending, Saint Lucia’s Poverty Head Count (Poverty Rates) for three consecutive Country
Poverty Assessment periods averaged at 26.3 percent. A number of deficiencies including
administration, financial, infrastructural, and lack of technological application have hindered
SSN system in Saint Lucia. A Granger Causality employing quarterly data from 2008 to 2019
supported that SSN spending concluded that SSN does not granger cause GDP however GDP
granger cause SSN spending up to a 2 year period. Global country cases are highlighted to
demonstrate how technology through the use of card based, mobile technology and biometric
platforms have reduced cost and enhance operational efficiencies of SSN systems.
Streamlining the SSN system and adopting global best practice can potentially enhance in
Saint Lucia SSN systems.
| |
File can not be viewed. Please
DOWNLOAD.