social-security-letter-eds-cspf-2024-1e631071c5f1fc76.pdf

A coalition of 96 organizations urges the World Bank and IMF to stop promoting means-tested social safety nets and pension privatization in favor of universal, rights-aligned social security systems and the cessation of harmful austerity measures.

• The World Bank and IMF are criticized for promoting narrowly targeted "safety nets" and means-tested programs rather than universal social protection. The authors argue that these targeted programs often exclude the poorest due to large exclusion errors, lack of up-to-date data, and vulnerability to corruption, while failing to build social solidarity.
• The World Bank and IMF are accused of undermining public social insurance systems by advocating for individualized savings schemes and the privatization of pensions. The letter cites International Labour Organization (ILO) research indicating that such privatization has worsened poverty and inequality, particularly for older people and women.

APA

Institute for Economic Justice (2024). social-security-letter-eds-cspf-2024-1e631071c5f1fc76.pdf. https://iej.org.za/wp-content/uploads/2024/08/Social-Security-Letter-EDs-CSPF-2024.pdf

Chicago

Institute for Economic Justice. social-security-letter-eds-cspf-2024-1e631071c5f1fc76.pdf. 2024. https://iej.org.za/wp-content/uploads/2024/08/Social-Security-Letter-EDs-CSPF-2024.pdf.

Wikipedia

{{cite press release |author=Institute for Economic Justice |title=social-security-letter-eds-cspf-2024-1e631071c5f1fc76.pdf |date=15 April 2024 |url=https://iej.org.za/wp-content/uploads/2024/08/Social-Security-Letter-EDs-CSPF-2024.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{instituteforeconomicjustice2024socialsecurityletteredscspf20241e631071c5f1fc76pdf, author = {{Institute for Economic Justice}}, title = {{social-security-letter-eds-cspf-2024-1e631071c5f1fc76.pdf}}, publisher = {Institute for Economic Justice}, year = {2024}, month = apr, url = {https://iej.org.za/wp-content/uploads/2024/08/Social-Security-Letter-EDs-CSPF-2024.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }