IMF criticizes third AFP withdrawal

The IMF stated that the project for a third withdrawal of 10% of pension funds that is advancing in Chile’s Congress is unnecessary, inappropriate and deteriorates the country’s pension system. According to the director of the Western Hemisphere in the IMF, the organisation estimates “that a third withdrawal from the pension fund is not necessary and is not the appropriate vehicle to continue deteriorating a structural factor in the pension system.”

Source: Emol