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Community-based risk management arrangements : an overview and implications for social fund programs

Author

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  • Bhattamishra, Ruchira
  • Barrett, Christopher B.

Abstract

Risk and its consequences pose a formidable threat to poverty reduction efforts. This study reviews a plethora of community-based risk management arrangements across the developing world. These types of arrangements are garnering greater interest in light of the growing recognition of the relative prominence of household or individual-specific idiosyncratic risk as well as the increasing shift towards community-based development funding. The study discusses potential advantages (such as targeting, cost, and informational) and disadvantages (such as exclusion and inability to manage correlated risk) of these arrangements, and their implications for the design of innovative social fund programs.

Suggested Citation

  • Bhattamishra, Ruchira & Barrett, Christopher B., 2008. "Community-based risk management arrangements : an overview and implications for social fund programs," Social Protection Discussion Papers and Notes 46333, The World Bank.
    • Handle: RePEc:wbk:hdnspu:46333
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    Cited by:

    1. Alberto Lanzavecchia & Maria Palumbo & Bharat Singh Thapa, 2021. "Climate Change And Microfinance: A Wake-Up Call For Policy Makers," "Marco Fanno" Working Papers 0268, Dipartimento di Scienze Economiche "Marco Fanno".
    2. Panman, Alexandra & Madison, Ian & Kimacha, Nyambiri Nanai & Falisse, Jean Benoît, 2021. "Saving up for a rainy day? Savings groups and resilience to flooding in Dar es Salaam, Tanzania," LSE Research Online Documents on Economics 114610, London School of Economics and Political Science, LSE Library.
    3. Hans P. Binswanger-Mkhize, 2012. "Is There Too Much Hype about Index-based Agricultural Insurance?," Journal of Development Studies, Taylor & Francis Journals, vol. 48(2), pages 187-200, February.
    4. Kailash Chandra Pradhan & Shrabani Mukherjee, 2018. "Covariate and Idiosyncratic Shocks and Coping Strategies for Poor and Non-poor Rural Households in India," Journal of Quantitative Economics, Springer;The Indian Econometric Society (TIES), vol. 16(1), pages 101-127, March.
    5. Mariana Infante-Villarroel, 2015. "Social Protection Delivery through Community-Driven Development Platforms," World Bank Publications - Reports 22327, The World Bank Group.

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