Sustainability and Equity Challenges

Released on by Mariusz Jarmuzek
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  • Sustainability and Equity Challenges Book Detail

  • Author : Mariusz Jarmuzek
  • Release Date : 2016-03-02
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 20
  • ISBN 13 : 151354148X
  • File Size : 92,92 MB
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Sustainability and Equity Challenges by Mariusz Jarmuzek PDF Summary

Book Description: Reform of Lebanon’s pension system is indispensable. The country already faces fiscal sustainability risks, which will be compounded in the future by significantly higher pensionrelated spending and liabilities, mainly reflecting adverse demographics. In addition to sustainability issues, the pension system also suffers from equity shortcomings—Lebanon is the only MENA country that does not offer social security for retirees in the private sector. While several reform proposals have been formulated since the early 2000s, none has been implemented to date. Costs mount with every year of delay, so action is required soon to address these challenges.

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