Sentences with phrase «essential social safety net»

Not exact matches

The three main areas where my direct advice went unheeded were the following: (1) the need for large - scale financial assistance [29] for Russia, which I deemed (and still deem) to have been essential to molding a political consensus around reforms, and to bolstering the financial situation enough to achieve a modicum of success in the fight against hyperinflation; (2) the need for strong monetary and fiscal policy to achieve a rapid end to inflation [30]; and (3) the urgency of establishing a social safety net [31], especially in health care and pensions, to ensure an adequate social and political base for societal transformation and democratization.

In short, states must provide the social safety net that most people in our modern world believe to be essential.