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Verónica Escudero, Senior ILO Economist and Elva López Mourelo, ILO Economist
During an economic crisis, Conditional Cash Transfers (CCTs) are one way that governments can use to protect vulnerable people from falling into poverty. Between 2001 and 2002, Argentina suffered one of the worst economic crises in its history. Unemployment rose, the share of people living below the poverty line increased and political instability and social unrest ensued.