This note examines the critical role of reviewing the benefit level at regular intervals to improve benefit adequacy as well as to preserve the purchasing power of social protection benefits over time. Pakistan has experienced steep inflation in the past few years which has eroded the value of the Benazir Income Protection Scheme (BISP) Kafaalat cash transfer. Further, even when the amount of the benefit has risen, it has been inadequate to ensure...
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2024/11/07
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194588
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1
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2024/11/08
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Disclosed
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If You Don’t Move, You Fall Behind : Benefit Indexation and the Challenge of Inflation
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