| Resumen: |
This non-paper examines the feasibility of these options, and provides estimates of how much could be mobilised through each. It also discusses the potential gains from phasing out fossil fuel subsidies. Such phasing out however, while important to accelerate the energy transition, offers limited resources to bridge the financing gap if not associated with other international financing strategies. The key message is this: International solidarity should be placed in the service of the fulfillment of the right to social security and should strengthen the capacity of countries to mobilise resources to finance social protection domestically. If governments are serious about fulfilling their pledge to make social protection floors universal, they should move away from forms of support that are short-term, ad hoc and essentially of a humanitarian nature. The FfD4 should lead to clear commitments to expand the fiscal space available to low-income countries to allow them to invest in the future, by establishing social protection floors covering their entire population. |
