The Global Jobs Pact was adopted by countries in response to the global financial and economic crisis as part of an effort to minimize the loss of jobs and strengthen economic recovery with job creation. The United Nations also mobilised its resources to mitigate the social impact of the crisis through the Social Protection Floor Initiative (SPF-I). This initiative involves the creation and expansion of guarantees that ensure access to essential social services and cash transfers, particularly for the most vulnerable and impoverished. As the Latin American economies have started to recover, the development of the SPF-I seeks to inhibit the widening of economic and social gaps given the different capabilities of countries to respond to the crisis. SPF-I is meant to improve strategies for breaking the cycle of poverty, which keeps the population from taking advantage of economic opportunities and making investments to improve their productivity. As such, this initiative involves cash transfers for meeting basic economic security needs as well as the development of essential employment services in an effort to strengthen the ability of working-age individuals to take advantage of the opportunities that come with recovery.