... intermediaries that channel resources, according to pre-determined eligibility criteria, to small scale projects for poor and vulnerable groups, and implemented by public or private agencies. (1998 Portfolio Review of Social Funds World Bank Quality Assurance Group in Haan et al., 2002 , p. 2) And also...

... protracted recessions and macroeconomic instability. One of the dominant responses to these policy‐induced problems has been the establishment of temporary social safety nets, of which the most popular type is known as ‘social funds’; these have become a prime policy choice for offsetting the social impact...