Social Risk Mitigation Project (SRMP)

The development objective of the SRMP is to mitigate the impact of the February 2001 economic crisis on poor households (social risk mitigation) and to improve their capacity to cope with similar risks in the future (social risk management). The SRMP will achieve these objectives through: (i) an adjustment portion, providing immediate support to the poorest affected by the crisis (social risk mitigation); and (ii) an investment portion, which consists of three components (a) building up the capacity of state institutions providing basic social services and social assistance to the poor (social risk management); (b) implementing a social assistance system (Conditional Cash Transfers - CCT) targeted to the poorest 6 percent of the population conditional on improved use of basic health and education services (social risk mitigation and prevention); and (c) increasing the income generation, employment opportunities and social service access of the poor (social risk prevention).