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Old Age and Pension in Brazil and Other Countries |
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Written by Brazzil Magazine
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Friday, 27 August 2004 |
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Anne O. Krueger, First Deputy Managing Director of the International Monetary
Fund speaks at the Jackson Hole Symposium:
"In 2001, the World Bank noted
that in Brazil, less than 1% of social security spending reached the poorest
10%, while 50% went to the wealthiest 10%. By 2020, the total public pension
system will be in deficit by something like 4.9%—an actuarial imbalance of
around 235% of GDP."
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