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IMF criticizes Covid pension withdrawals in Chile and Peru: “They mainly favor higher-income households”

RIO DE JANEIRO, BRAZIL - Early withdrawals from pension funds are not only an issue in Chile and Peru, where Congress is passing a fourth law to access savings in individual accounts of AFPs but also the corridors of international organizations.

One of them is the International Monetary Fund (IMF), which in its update of the Economic Scenario for Latin America, published this afternoon, has dedicated a special box to the analysis of the process in Chile and Peru, two of the countries of the continent that have allowed their citizens to access their retirement savings to face the . . .

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