Costa Rica: $7 billion Poorly UsedWhile essential infrastructure projects lack funding, the capital accumulated in pension funds only serves as a source of funding for state coffers.Wednesday, January 8, 2014
In a country where the need for funds for projects that promote economic development is increasing, the resources managed by pension operators have to be invested in obsolete investment schemes, ensuring only low returns for contributors. Source: Revista Mercados & Tendencias ¿Busca soluciones de inteligencia comercial para su empresa?Public Infrastructure Financed with Pension FundsFebruary 2013 93% of the $58 million raised by the securitization of future revenues of the International Airport of El Salvador were provided by Pension Funds. Operators Call for Comprehensive Pension ReformMay 2012 The Salvadoran Association of Pension Funds has asked for changes in legislation to be made firm in order to increase the profitability of the savings of workers. El Salvador: The Future of Pension FundsFebruary 2012 The obligation to satisfy the state’s appetite for money is compromising the profitability of pension operators and the size of contributor’s future pensions. Public Works SecuritizationMarch 2010 Costa Rica still faces obstacles to implement this mechanism, regarded as the best alternative for funding public works.
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