The evidence on cash transfers, and the publicity around their success, has changed the way we think about giving cash to the poor and created a standard of comparison for other programs. It has also spurred donors to dedicate millions more dollars to unconditional cash transfer programs.
Until recently, giving large amounts of cash directly to the poor was met with great skepticism. Yet the impact of administering cash transfers to the extreme poor had yet to be measured. IPA-affiliated researchers have now produced a body of evidence that shows cash transfers can substantially improve the lives of the extreme poor. The evidence, and the ensuing publicity around cash transfers, has changed the way we think about giving cash to the poor, creating a valuable benchmark against which to evaluate other programs. The evidence has also helped the main organization that administers unconditional cash transfers, Give Directly, raise substantial funds to provide grants to more people living on less than $2 a day.
For more on this story visit the following link: Cash Transfers: Changing the Debate on Giving Cash to the Poor
Source: Innovation for Poverty Action