Resource

Global Social Trust (GST)

  • English
ILO, Social Security Department
2006
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Summary (English)

The mission of the GLOBAL SOCIAL TRUST Network is to systematically reduce poverty in developing countries through a partnership that invests in and sponsors the development of sustainable national social protection schemes for people and groups which have been excluded from the economic benefits of development. The basic idea is to request people in the richer countries, i.e. OECD countries, to contribute on a voluntary basis a rather modest monthly amount (say €5 per month or about 0.2 per cent of their monthly income) to a GLOBAL SOCIAL TRUST which will be organized in the form of a global network of National Social TRUSTs supported by the ILO, which will then: invest these resources to build up basic social protection schemes in developing countries; and sponsor concrete benefits for a defined initial period until the basic social protection schemes become self-supporting.

Website social protection policy , financing
22.07.2010