CCTs rank among programs in terms of targeting

CCTs are one such
measure lauded by IFIs as having the potential to eradicate poverty. CCTs are
programs widespread across Latin America and span across 23 countries
worldwide. It caters to 93 million population in Latin America alone. It is a
conceptualization of technocrats at the World Bank and the latter is its
prominent supporter. It is pertinent to mention the success of these programs
vis-à-vis poverty reduction. Lindert et. al (2006) found that CCTs have been
successful in partially offsetting the ‘truncation’ of public transfers in
Latin America and reached groups previously excluded from social protection. A
comparison with the targeted interventions in 48 countries, CCTs have secured
top rank among programs in terms of targeting outcomes (Coady et. al, 2004). In
Brazil, the Bolsa Familia led to a 12% reduction in poverty gap while
accounting for only 0.35% of the GDP (Bastagli, 2008). In Mexico,
Opportunidades reduced the poverty gap in rural areas by 19% at only 0.36% of
GDP (Esquivel et. al, 2009). Behrman et. al (2005), also found that CCTs have
improved education and health service utilization in Mexico. In short, CCTs
serve to play an important role in containing abject poverty at the grassroots
level. However, does evidence indicate CCTs to be the gateway to sustainable