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SOCIAL PROTECTION

OUR FRAMEWORK Policies and StrategiesAsian Development Bank6 ADB Avenue, Mandaluyong City0401 Metro Manila, Stock No. 061603 Printed in the PhilippinesSOCIAL PROTECTIONiOUR FRAMEWORK Policies and StrategiesSOCIAL PROTECTIONiiPublished by Asian Development Bank, July 2003. This is a typeset versionof the official policy paper approved by the Asian Development Bank Boardof Directors on August is a reprint of the SOCIAL PROTECTION Strategy (SPS) of the Asian Devel-opment Bank, approved in 13 September 2001. SOCIAL PROTECTION is a keystep in ADB's battle to have Asia and the Pacific region "free of poverty.

increase the risks of future macroeconomic shocks. As unemployment and poverty result from economic downturns, the adequacy of social protection and assured future progress in social development are issues in the forefront of the development agenda of many DMCs. 3. Different kinds of reforms and policies are needed in different econo-mies.

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