What is the Global Social Trust?
The Social Security Department of the ILO has developed an innovative concept for a Global Social Trust (GST) connecting global, national and community levels of financing for social protection.The basic idea is to request people in richer countries to voluntarily contribute a rather modest monthly amount to a Global Social Trust, which will then: • invest these resources in building up basic social protection schemes in developing countries; • sponsor concrete benefits for a defined initial period until the basic social protection schemes become self-supporting. The Global Social Trust Network’s mission is to systematically reduce poverty in developing countries through a partnership sponsoring and investing in the development of sustainable national social protection schemes for people and groups which have been excluded from the economic benefits of development.The Trust’s aim is to reach 80-100 million people in the least developed and lowest-income countries, who are currently exc
