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Assessing the World Bank Report Keeping the Promise

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  • Carmelo Mesa‐Lago

Abstract

A new report of the World Bank released in 2004 evaluates the performance of structural pension reforms in several Latin American countries, ratifying some fundamental issues of the Bank's previous report of 1994 but contesting others, acknowledging serious problems and recommending new policies. In the light of available data from ten countries with structural reforms in the region, as well as the author's own research, this article discusses nine key elements of the new report: coverage, compliance, competition among administrators, managerial costs, capital accumulation, effects on capital and financial markets, fiscal costs, general and gender equity, and isolation from politics.

Suggested Citation

  • Carmelo Mesa‐Lago, 2005. "Assessing the World Bank Report Keeping the Promise," International Social Security Review, John Wiley & Sons, vol. 58(2‐3), pages 97-117, July.
    • Handle: RePEc:wly:intssr:v:58:y:2005:i:2-3:p:97-117
    DOI: 10.1111/j.1468-246X.2005.00218.x
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    Cited by:

    1. Calvo, Esteban & Williamson, John B., 2006. "Old-Age Pension Reform and Modernization Pathways: Lessons for China from Latin America," MPRA Paper 4872, University Library of Munich, Germany, revised 2007.

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