The
Asian Development Bank (ADB) is taking steps to protect
the poor in Asia and the Pacific by approving a social
protection strategy that will target children, the
unemployed, elderly and poor communities. The Bank
is fighting to halve the region's poverty level by
2015.
The
social protection strategy has components that include
labor market policies and programs that are designed
to generate employment, improve working conditions
and promote the efficiency of labor markets. It hopes
to operate social insurance programs to lessen risks
associated with unemployment, ill-health, disability,
and old age. The strategy aims to put in place social
assistance for groups that have no means of support
such as single mothers, the homeless and physically
or mentally challenged. It also hopes to achieve
child protection to ensure healthy development of
children.
The ADB will design and implement all
project in accordance with national and
international labor laws. National labor
laws include minimum wage, working conditions
and social security contributions. International
standards concern the eradication of
forced and child labor and curbing discrimination
in the workplace.
The approved strategy highlights the
common issues to be address without losing
sight of the specific needs of individual
countries. The projects pertaining to
individual countries will be based on
the country's needs and available resources.
Half of the world's population lives
in Asia and the Pacific. The region also
has 70 percent of the world's poor. Approximately
60 percent of the population is rural
and a majority of the region work in
the informal sector.
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