Senior Economist at the World Bank, Robert Palacios highlighted the priorities in formulating the pension system in the Maldives and challenges in maintaining its sustainability during the forum.
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(R-L) Senior Economist at the World Bank, Robert Palacios with Dr Aishath Shiham, Pension Administrations Managing Director Shujatha Haleemath and Chaiperson Inaz during the Maldives Finance Forum held in Kurumba Maldives today --Photo: Nishan Ali
Malika Shahid
2024-07-23 17:39:08
Senior Economist at the World Bank, Robert Palacios, stated yesterday that pension schemes for the Maldives National Defence Force (MNDF), police, judiciary, and other independent agencies should be temporarily halted to ensure the financial sustainability of the country’s pension system.
Speaking at the Maldives Finance Forum organized by the Pension Administrations Office in Kurumba Maldives, Robert said that the current pension system in the Maldives is not operating in a sustainable manner.
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