Pension system unsustainable: IMF. There is a need to unite schemes in public and private sectors

The projected path of public pension expenditure is explosive, said the International Monetary Fund in its report: "Sustainability and Equity Challenges: Some Arithmetic on Lebanon's Pension System."

The IMF said the pension schemes are unsustainable because the country's population is ageing the fastest and also has the lowest fertility rate in the Middle East and North Africa region (MENA).

With such demographic trends, consideration needs to be given to pension reform. The repo...

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