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Urgent Pension Reforms Needed in the Middle East and North Africa
Urgent pension reforms needed in the Middle East and North Africa
World Bank
23 Aug 2005 Yemen, Tunisia, Syrian Arab Republic, Morocco, Libyan Arab Jamahiriya, Lebanon, Jordan, Egypt, Algeria, Djibouti Pension Reform, Countries - excl. European Union and US
Pension systems in the Middle East and North Africa (MENA) are under growing financial stress and urgently need reform, according to a new World Bank report released today called "Pensions in the Middle East & North Africa: Time for Change". The report is the first ever regional review of more than 30 pension systems in 13 countries and calls for a series of measures that would allow governments to gradually reform their unsustainable pensions systems, and thus avoid future crises. According to the report, pension systems in the region face problems in terms of limited coverage, fragmented administration, and system design that negatively affect incentives and equity. The report suggests that pensions systems try to offer too much in terms of benefits.

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Aug 2005 or click here (this link will not work in all circumstances). For further information about Perspective click here.

2A303927   Click here to contact the authors.
 

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