Iran’s universal cash transfer (UCT) programme plays an important role in fighting poverty. But as this column shows, its real value and impact on the country’s poorest people has diminished significantly as a result of rising prices. Over the five-year period since the UCT was first operating in 2011, inflation halved its original value.
Nora LustigTulane University
Nora Lustig is Samuel Z. Stone Professor of Latin American Economics and director of the CEQ Institute at Tulane University. Her current research focuses on assessing the impact of taxation and social spending on inequality and poverty in developing countries and on the determinants of income distribution in Latin America.