World Bank suggests alternatives
Sep 02, 1999
By Diana Kudayarova
RIGA - Although she commended the efforts of the Latvian government to solve its budget woes, the message presented by World Bank chief economist Louise Fox was "the pension law needs to be changed.""We generally support the government's intent," Fox said at an Aug. 27 news conference. But she said two key aspects of pension reform proposed by Latvia's government "may not have been properly analyzed." The two aspects were the increase in the pension age and the cut-off of pension benefits to wor ...
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