September 2020

04Sep

The Battle for Social Investment

By Emilio Basavilbaso Today we find different visions regarding investments in Social Welfare Policy. So far we are fine, the problem begins when we cannot listen to those who think differently. Some phenomena that are occurring in the world make this more and more complicated. We tend to associate with people who think like us and agreeing is increasingly difficult. A ¨crack¨ opens between one another, which is increasingly difficult to close. And by not knowing, we tend to...

September 4, 2020
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March 2020

02Mar

Argentinean House of Deputies approves changes to privileged pensions

After a heated debate between the ruling party and the opposition, the Argentinean House of Deputies passed a draft bill to modify the pension system for judges and diplomats. Although the voting resulted in 129 votes in favor and none against, the legislative debates were heated. The bench of Juntos por el Cambio denounced 'irregularities' to gather the necessary quorum to debate the draft bill, due to the presence of lawmaker Daniel Scioli, who made it clear that he...

March 2, 2020
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August 2019

08Aug

Argentina. Negative PASO result for Macri would unleash market turmoil, warn analysts

ith the PASO primaries looming and polling gone dark, the question on the lips of most local and international observers is by what margin Frente de Todos presidential candidate Alberto Fernández will lead President Mauricio Macri by come Sunday night – and what will be the economic response come Monday morning. The prevailing wisdom is that a five percent or greater victory by Fernández over President Mauricio Macri would spook investors and international economic interests, exacerbating fears of...

August 8, 2019
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March 2019

29Mar

Is Pension Reform on the Ballot in Argentina’s Election?

With the fastest-aging populations in the world, Latin American countries are under the gun to overhaul pension systems. Argentina is no different. President Mauricio Macri passed a reform in December 2017, which was met with protests, along with a number of legal hurdles that have kept the legislation from bearing fruit. The latest came on March 26, 2019, when Argentina’s Supreme Court ruled it was unconstitutional to tax pensioners. The administration has been mute on the issue, avoiding an...

March 29, 2019
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01Mar

Greece and Argentina show why pension reforms should not be used as a quick fix for a financial crisis

Greece and Argentina both introduced radical pension reforms following the financial crisis. Drawing on recent research, Marina Angelaki and Leandro Carrera argue that while both countries lacked access to international financial markets and had unsustainable pension systems, the reforms have been short-sighted, ultimately undermining the adequacy and sustainability of pensions. A future overhaul of their systems looks unavoidable. Latin American countries have shared with those of southern Europe a common policy legacy of Bismarckian welfare states where benefits are...

March 1, 2019
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December 2018

18Dec

Argentina. Pensiones, seguridad y educación, ejes del debate presidencial

Los aspirantes hablaron además, sin profundizar, de "retomar el control" en los territorios asediados por las violentas pandillas Mara Salvatrucha (MS13), Barrio 18 y otras y reforzar los programas de prevención. Una reforma al sistema de pensiones, apostar por la educación en la primera infancia y recuperar los territorios asediados por las pandillas fueron los temas que centraron el debate de los candidatos a la Presidencia de El Salvador de cara a los comicios de febrero de 2019. Los aspirantes...

December 18, 2018
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December 2017

20Dec

Argentina leader defends pension reform approved in Congress

Argentina's president defended a pension reform bill approved by Congress Tuesday that has prompted violent protests and a general strike, saying it seeks only to benefit retirees. The measure passed in the lower house by a 127-117 vote after more than 12 hours of debate, much of which came as demonstrators clashed with police outside the chamber. The legislation, which had already cleared the Senate, would change the formula by which pension benefits are calculated, basing them largely on inflation instead...

December 20, 2017
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19Dec

Argentina Congress passes pension reform after protests, clashes

Argentina’s Congress passed a reform to the pension system early on Tuesday, after days of demonstrations by the bill’s opponents and violent clashes between protesters and police gripped the South American country. The reform, which is crucial to President Mauricio Macri’s efforts to slash the fiscal deficit and attract investment, changes the formula used to calculate benefits by linking them to consumer prices at a time of lower inflation expectations.It passed the lower chamber of deputies after an all-night debate...

December 19, 2017
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15Dec

Argentina Congress suspends pension reform vote due to protests

Argentina’s lower house on Thursday suspended a vote on President Mauricio Macri’s pension reform plan, after the debate became a shouting match and protesters and police clashed violently outside Congress. The bill, which passed the Senate last month, is crucial for Macri’s efforts to cut the fiscal deficit but has drawn criticism from opposition politicians and labor unions, who say it will hurt retirees and welfare recipients. Before Thursday’s scheduled vote, the country’s top union called a general strike for the...

December 15, 2017
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October 2017

31Oct

Argentina’s Macri vows to pursue tax, labor, pension reforms

Argentina's President Mauricio Macri vowed to press ahead with reforms to the country's tax, labor and retirement systems in a speech on Monday, a week after his "Let's Change" coalition swept to victory at the polls in midterm elections. The government will present a tax reform proposal this Tuesday or Wednesday, and an amnesty plan for companies that hired workers informally in the coming days, Macri said. He added that the government would convene a commission to propose changes to...

October 31, 2017
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