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Community-based risk management arrangements : an overview and implications for social fund programs

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  • Bhattamishra, Ruchira
  • Barrett, Christopher B.

Abstract

Risk and its consequences pose a formidable threat to poverty reduction efforts. This study reviews a plethora of community-based risk management arrangements across the developing world. These types of arrangements are garnering greater interest in light of the growing recognition of the relative prominence of household or individual-specific idiosyncratic risk as well as the increasing shift towards community-based development funding. The study discusses potential advantages (such as targeting, cost, and informational) and disadvantages (such as exclusion and inability to manage correlated risk) of these arrangements, and their implications for the design of innovative social fund programs.

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File URL: http://www-wds.worldbank.org/servlet/WDSContentServer/WDSP/IB/2008/11/06/000333038_20081106023844/Rendered/PDF/463330NWP0Box334086B01PUBLIC10SP00830.pdf
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Bibliographic Info

Paper provided by The World Bank in its series Social Protection Discussion Papers with number 46333.

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Date of creation: 01 Oct 2008
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Handle: RePEc:wbk:hdnspu:46333

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Related research

Keywords: Rural Poverty Reduction; Labor Policies; Insurance&Risk Mitigation; Currencies and Exchange Rates; Debt Markets;

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