Community-based risk management arrangements: an overview and implications for social fund programs
Social protection discussion paper no. 0830:
This study reviews a plethora of community-based risk management arrangements (commonly developed norms and institutions that attempt to reduce risk) across the developing world. 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.