Old Age and Pension in Brazil and Other Countries

    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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