Post Emergency. It then unpacks the Social insurance for workers in the formal impact of World Bank conditionalities sector is financed through workers on the lives of working people, before contributing 3% and employers 4% of a reflecting on emerging contradictions in worker’s monthly income. Benefits include the area of labour and social protection. short-term subsidies for maternity, illness, This section draws on quantitative analysis of official government data and qualitative research conducted in the second half of 2021. Quantitative sources included the general population census, annual budget briefs on social protection and the social protection statistical bulletin (INE, 2019, 2020; UNICEF & ILO, 2021). Qualitative research drew on documentary evidence, participant observation and semi-structured interviews with representatives of the state, private sector and organizations of working people. Mozambique’s social protection system All citizens have the right to social protection independently of their colour, race, sex, ethnic origin, place of birth, religion, educational level, social position, marital status or profession. (RdM, 2007, art 6) 15 hospitalization, and funeral costs; and long-term disability, old-age and survivor pensions (BOM, 1990). However, only 12% of the economically active population are salaried workers in the formal economy, limiting the scope of social insurance (INE, 2019). Given the gender division of labour and gender discrimination in the workplace, less than a quarter of those insured are women. Although the INSS recently extended coverage to informal workers on a voluntary basis, barriers including lack of information, complex administrative procedures, low and irregular incomes, inadequate benefits and strict eligibility criteria result in only 0.25% of informal workers making regular contributions to the social insurance fund (Castel-Branco & Sambo, 2020). Social assistance for poor and vulnerable households is financed by the national budget. The social assistance scheme was first introduced by the World Bank In Mozambique, social protection is a right, to lessen the harmful effects of structural even though this right is seldom realised in adjustment policies. Approximately practice (PMSC-PS, 2016). Social protection 8,353,500 people relied on some form includes social insurance for workers in the of state subsidised food. When the food formal sector, social assistance for poor distribution system was stopped, the World and vulnerable households and private Bank proposed a Food Subsidy Programme insurance funds for poor urban dwellers, funded by the Fast-tracking Financialization - International Financial Institutions’ Responses to the Covid-19 Pandemic in Mozambique