National strategy
Financial capability and asset building: innovations in social protection and development
David Ansong, Moses Okumu, Jin Xin Huang, Sicong Sun, Aytakin Huseynli et al. ·
Summary
Written by AI, not yet AICS's view · claude-haiku-4-5-20251001This is a chapter about financial capability and asset building (FCAB) innovations as tools for social protection and development in the global South. It argues that FCAB approaches are practical, can be integrated with other policies, scale easily through technology, and represent social investment rather than just expenditure. The document does not focus specifically on children's well-being but on broader development policy frameworks.
Key points
- FCAB innovations are presented as fundamental to social protection and development aligned with SDGs
- Four claimed advantages: resource-efficient, integrable with other programmes, scalable via technology, and investment-oriented
- The chapter emphasizes practical applicability across large populations in the global South
Limitations
This is a strategic overview of FCAB innovations without empirical data, outcomes, or evidence of effectiveness. It does not provide specific information about impacts on children, interventions tested, or evaluation results.
Abstract
Countries in the global South are implementing social protection and development policies that align with the United Nations’ Sustainable Development Goals (SDGs) to promote well-being globally. This chapter highlights the key role of financial capability and asset building (FCAB) innovations in promoting social development and achieving the SDGs. FCAB innovations have rapidly emerged because increasing evidence shows that financial capability and asset accumulation and preservation are fundamental to social protection and development. The chapter argues that FCAB is crucial for advancing social protection and development and achieving the SDGs in the global South because (1) it is very practical from a resource standpoint; (2) it is readily integrated with other social policies and programmes (for example, child support); (3) it is easily delivered across a large population via emerging information technology; and (4) it defines social policy that is not just an expenditure but also an investment for the society.