Towards an Inclusive, Equitable and Sustainable National Pension System in Iraq - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Towards an Inclusive, Equitable and Sustainable National Pension System in Iraq write by International Monetary Fund. This book was released on 2024-04-30. Towards an Inclusive, Equitable and Sustainable National Pension System in Iraq available in PDF, EPUB and Kindle. A pension system is at the heart of social protection. By ensuring income security for older persons and other vulnerable groups, it prevents poverty, reduces inequality, and facilitates consumption smoothing. A pension system also affects the working population’s labor market choices and has important fiscal implications. Iraq’s current pension system is highly fragmented, inequitable, and inefficient. First, it fails to provide adequate income protection to most of Iraqi’s old age population and other vulnerable groups, such as survivors and persons with disability. Second, the public sector pension is already putting substantial pressure on the budget and is potentially unsustainable given the projected acceleration of the total pension bill due to recent policy changes. Third, it sets an uneven playing field between the public and private sectors, contributing to the continued expansion of an already outsized civil service and holding back much-needed economic diversification and private sector growth. Thus, a comprehensive pension reform is urgently needed. Based on collaboration between the IMF, ILO and the World Bank this policy note aims to: 1) Provide an assessment of the existing public and private pension system across the four dimensions: fiscal sustainability; labor market implications; coverage; and adequacy of benefits. 2) Develop and propose options to adjust the pension system with a view to making it fiscally sustainable, more inclusive and adequate, and conducive to private sector development and labor market formalization. 3) Provide a basis to engage key stakeholders—including workers, employers organizations and the civil society—on strategies to achieve a more inclusive system, importantly by including workers in the informal economy, female workers, workers with disabilities, and other disadvantaged groups.
Iraq
Iraq - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Iraq write by International Monetary. This book was released on 2023-02-03. Iraq available in PDF, EPUB and Kindle. Iraq: Selected Issues
Iraq
Iraq - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Iraq write by International Monetary Fund. Middle East and Central Asia Dept.. This book was released on 2024-05-16. Iraq available in PDF, EPUB and Kindle. Domestic stability has improved since the new government took office in October 2022. This has facilitated the passage of Iraq’s first three-year budget, which entailed a large fiscal expansion starting in 2023. The non-oil economy has rebounded strongly in 2023 after stalling in 2022 and was largely unaffected by the ongoing conflict in the region. Nonetheless, Iraq remains highly vulnerable to oil price fluctuations and private sector activity is hindered by the large state footprint—including as an employer of first resort—corruption, red tape, underdeveloped infrastructure, and poor access to credit.
Reforming the Greek Pension System
Reforming the Greek Pension System - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Reforming the Greek Pension System write by Mr. Alvar Kangur. This book was released on 2021-07-16. Reforming the Greek Pension System available in PDF, EPUB and Kindle. The Greek pension system has been costly, complex, and distortive, which has contributed to Greece’s fiscal problems and discouraged labor force participation. Several attempts to reform the system faltered due to lack of implementation, pushback by vested interests, and court rulings leading to reversals. A series of reforms introduced throughout 2015–17 unified benefit and contribution rules, removed several distortions and reduced fragmentation and costs. If fully implemented throughout the long-term, these reforms can go a long way towards enhancing the pension system affordability. However, reforms faced setbacks and fell short of creating stronger incentives to build long contribution histories, to deliver sustainable growth by improving the fiscal policy mix, and to ensure fairness and equitable burden sharing across generations and interest groups. Policy priorities should aim towards fully implementing the 2015–17 reforms and complementing them with additional reforms to address these remaining objectives.
World Social Protection Report 2017-19
World Social Protection Report 2017-19 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook World Social Protection Report 2017-19 write by . This book was released on 2017. World Social Protection Report 2017-19 available in PDF, EPUB and Kindle.
