Social safety nets – build on workable mechanism

Malaysia too has implemented various social and financial assistance programmes to mitigate the vulnerable households from the impact of financial shocks, employment disruptions and the rising cost of living. There are also targeted programmes to improve the income of the B40 households (monthly income of below RM4,360) segment., says Lim Heng Guie (pic).

MANY developing countries are establishing social safety programmes to provide support for the underserved and vulnerable groups post the 2008-2009 global financial crisis.

Malaysia too has implemented various social and financial assistance programmes to mitigate the vulnerable households from the impact of financial shocks, employment disruptions and the rising cost of living. There are also targeted programmes to improve the income of the B40 households (monthly income of below RM4,360) segment.