AMMAN — A regional seminar on funding sources
diversification and investment opportunities in the Arab social insurance
institutions kicked off in Amman with the aim of enhancing social protection
programs, the Jordan News Agency, Petra, reported.
اضافة اعلان
The symposium is organized
by the Arab Labor Organization, and Arab Association for Social Security, in partnership
with Jordan
Social Security Corporation (SSC).
Deputizing for Labor
Minister Yousef Shamali, SSC Director-General Mohammad Al-Tarawneh said during
the opening ceremony on Sunday that COVID-19 pandemic exposed the fragility of
economies that failed to offer social insurances, which caused poverty
expansion in those countries.
Program diversity and
social security development succeeded in achieving their goals, and had the
“greatest” impact in alleviating pandemic-related effects and other global crises
that adversely impacted societies, he noted.
This joint effort also
showed the “urgent” need to provide social protection for sectors uncovered by
social protection systems and introduce packages of programs and policies that
enhance efficiency of labor markets to reach social safety, he pointed out.
Noting the “remarkable”
challenges facing insurance sustainability for Arab social insurance
institutions, he said the key solution to realize sustainable insurance
benefits systems, and their continuity in performing their duties are investing
in portfolios and conducting actuarial studies.
The two-day event will go
over future prospects for financing social protection systems to achieve
financial sustainability, and shed light on tax-financed pensions to ensure a
minimum income, according an SSC statement.
It also tackled coverage
expansion of social security institutions for all economic sectors’ workers,
and proposed ways to benefit from the “leading” Arab and global experiences in
this regard, the statement noted.
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