by Barry Herman
from Global Newsletter - November 2015
The proposal for the establishment of a new global fund for social protection was made in 2012 by the two then Special Rapporteurs of the UN Human Rights Council, Olivier de Schutter and Magdalena Sepúlveda. In their view, while “the costs of providing basic social protection may be affordable when estimated globally, for many countries the domestic costs still may be beyond their capacity, even if they were to devote their maximum available resources to that objective”. In that light a special, solidarity-based financing mechanism guaranteeing the support of the international community to countries that may be in need of such support to introduce or complete national social protections floors should be created. (UNHCHR Briefing Note 7 http://www.ohchr.org/Documents/Issues/Food/20121009_GFSP_en.pdf ).