This Selected Issues paper highlights that the authorities in the Republic of Korea recognize the pension policy challenges ahead, and a first wave of reforms has already been launched. Despite the reforms to date, much remains to be done. Without further reforms, the public pension systems in...

This paper presents a technical note on Mexico’s Financial Sector Assessment Program update. The Mexican experience displays interesting characteristics that provide lessons for other countries that still need to design the decumulation phase of their newly established second pillars. The...

It is vital to achieve both high levels of sustained, long lasting growth and better income distribution through the Accelerated Growth Strategy in Senegal. In terms of macroeconomic performance, the annual average growth rate dropped owing to exogenous shocks and low productivity in the...

The Economic Development and Poverty Reduction Program (EDPRP) was developed with the active participation and support of society, executive authorities, nongovernment organizations, academia, businessmen, and donors. The study additionally provides coordinated mechanisms for bilateral and...

This 2012 Article IV Consultation highlights that economic growth in Luxembourg slowed in 2011 amid the euro area sovereign debt crisis. Reflecting sluggish external demand, economic activity is expected to further weaken, with growth projected to decline to ½ percent in 2012. Executive...