Nicaragua: Selected Issues

June 27, 2017

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Format: Chicago

Nicaragua: Selected Issues, (USA: International Monetary Fund, 2017) accessed November 23, 2024

Summary

This Selected Issues paper analyzes Nicaragua’s social security system, which is projected to run out of liquid reserves by 2019, several years earlier than anticipated. To avoid burdening the budget, reforms to the system are urgently needed. A deep actuarial, economic, and operational analysis is needed to design a comprehensive reform program. Such a program must ensure that the defined-benefit, pay-as-you-go system can sustain itself for another generation of workers and that improved health care benefits can be maintained. A politically acceptable, pragmatic solution appears within reach. However, the authorities should act quickly to avoid a costly bailout of the system.

Subject: Climate change, Commodities, Environment, Expenditure, Labor, Natural disasters, Pension spending, Pensions

Keywords: Caribbean, Central America, Climate change, Commodity, Commodity export, Commodity TP regulation, CPS balance, CPS deficit, CR, Export tax free zones, Free zone, GDP, Global, ISCR, Natural disasters, Nicaragua, Pension spending, Pensions, Trade shock, Transfer pricing

Publication Details

Pages:

66
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/174
Stock No:

1NICEA2017002
ISBN:

9781484305645
ISSN:

1934-7685

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