Ep. 51 | Financing for Social Protection: Turning Commitments into Action

As the world prepares for the 4th International Conference on Financing for Development (FfD4), the need to rethink how we fund social protection has never been more urgent. Debt burdens, shrinking official development assistance (ODA), and growing global inequalities are squeezing fiscal space, especially for low- and middle-income countries, putting the goal of Universal Social Protection by 2030 increasingly out of reach. In this episode, we explore the bold reforms needed to unlock sustainable financing for social protection and a just transition. In the first part, we discuss how the global financial architecture must evolve to meet the needs of low- and lower-middle income countries—and how innovative tools like special drawing rights (SDRs) could offer solutions. Then, we reflect on what financing for social protection should look like in today’s crisis-prone world, unpacking the political choices behind budget constraints, the role of domestic resource mobilization, and how international solidarity can help turn political commitments into meaningful and measurable outcomes. Meet our guests: Hassatou Diop N’Sele, Vice President for Finance and CFO, African Development Bank Group Celine Julia Felix, Social Protection Specialist for Social Protection System Strengthening, UNICEF Lena Simet, Senior Researcher and Advocate, Human Rights Watch For Quick Wins, Jamele Rigolini, Senior Advisor for Social Protection and Labor at the World Bank, joins us to discuss the State of Social Protection Report 2025 and why expanding not just coverage, but adequacy is key in today’s uncertain world. Resources: Event | 4th International Conference on Financing for Development (FfD4) Publication | African Union Agenda 2063: The Africa We Want Publication | A Call for Action on Financing Social Protection Publication | State of Social Protection Report 2025: The 2-Billion-Person Challenge Publication | World Social Protection Report 2024-26: Universal social protection for climate action and a just transition