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The rapid aging of China's population over the next few decades makes it important for a new pension system with broad … and adequate coverage to be put in place quickly. Pension reforms, first initiated in 1997, have become bogged down in … system. This paper argues that a way forward is to separate the legacy problem from the problem of setting up a new pension …
Persistent link: https://www.econbiz.de/10005769032
This paper studies the financial sustainability of the Albanian pension fund and assesses possible options for its … reform. The paper concludes that the pension fund is not sustainable in its current form and proposes for the urban scheme a … and strengthening the financial performance of the pension fund. In addition, it proposes the establishment of a voluntary …
Persistent link: https://www.econbiz.de/10005264178
This technical note for the Republic of Poland on competition and performance explains the Polish pension system and … small pension funds operating while imposing strict caps on fees. If the government decides to continue pursuing policy of …
Persistent link: https://www.econbiz.de/10011243156
The increased budget deficit caused by the privatization of a public pension plan does not imply a relaxation of the … and explicit public debt. There may be circumstances in which pension privatization, if not offset by fiscal consolidation …
Persistent link: https://www.econbiz.de/10005263836
With a modest recovery in the global economy underway, and amid rising concerns about the sharp increase in government debt in several countries, debate has increasingly focused on the need to identify and implement fiscal exit strategies. This paper reviews the medium-term plans of 25 countries...
Persistent link: https://www.econbiz.de/10008777011
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...
Persistent link: https://www.econbiz.de/10005825520
India's planned pension reform will set up a proper regulatory framework for the pension industry and open up the … the reserves of private sector provident funds to the new pension fund managers. …
Persistent link: https://www.econbiz.de/10005599422
Increasing integration to the East has benefited the Austrian economy, but also created vulnerabilities that came to a head with the global financial crisis. The crisis has highlighted old challenges and created new ones that need to be addressed. The banking sector’s return to more...
Persistent link: https://www.econbiz.de/10011243068
This paper examines Colombia’s 2002 Article IV Consultation and Request for Stand-By Arrangement. The economic situation worsened in the first half of 2002. Economic activity has remained sluggish, and the fiscal consolidation has gone off-track. Exacerbated by increased contagion from...
Persistent link: https://www.econbiz.de/10005824881
This paper analyzes the performance of the Bulgarian private defined contribution pensions in the second and third … pillars of the pension system. …
Persistent link: https://www.econbiz.de/10005263896