Tag Archives: alleviate poverty by giving families cash

Cash Transfers from Oil Revenues are Not A Magic Bullet – By Tara Patricia Cookson

The topic of direct cash transfers to Guyanese households, paid for by projected oil revenues, has been in the news over the past few weeks, and seems set to become an issue on the Guyanese elections campaign trail. Will the presidential candidates promise to alleviate poverty by giving families cash?

They will certainly not be the first politicians in the Caribbean or in neighbouring regions to try. Last year I published a book about Peru’s conditional cash transfer program, Juntos, a program considered to be so successful that then-World Bank President Jim Kim offered financing for any country that would replicate it.  Indeed, there are many studies that show that Juntos, like other cash transfer programs, soften the acute effects of poverty and increase families’ use of health and education services.            Continue reading

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