English, , 30kb
This document is Book 2, Part 1, 1)b of the Insurance and Private Pensions Compendium for Emerging Economies.
More than a decade after Chile moved from a public pay-as-you-go to a private funded pension system, seven more countries in Latin America have reformed their pension systems. This study provides a detailed description of all second-generation pension reforms in Latin America to date, evaluates the first years of operations of the new systems and outlines the problems and challenges which the systems are still facing. The basic common
Given their ageing populations, OECD countries are beginning to re-examine the balance between public and private provisions for income in retirement. There is considerable interest in increasing the contribution from private sources. However, wh...
The Code of Liberalisation of Capital Movements and the Code of Liberalisation of Current Invisible Operations constitute legally binding rules, stipulating progressive, non-discriminatory liberalisation of capital movements, the right of establishment and current invisible transactions (mostly services). All non-conforming measures must be listed in country reservations against the Codes.