When guided by basic principles of universality, solidarity and efficiency, social policy can enhance equity, by acting upon the structural determinants of economic disparities.35 In this regard, the present Policy Note understands social policies to be those interventions beyond the provision of a safety net that enhances peoples capabilities to participate in and contribute to the progress of the societies in which they live. As such, social policies should be developed in tandem with those specific macro and sectoral policies discussed above and be tailored to countries’ specific initial conditions and goals. In particular, they need to take into account the specificities of anticipated demographic changes at the country level and resulting challenges.