{
  "title": "Social Security Reforms in Colombia: Striking Demographic and Fiscal Balances",
  "publication": "IMF Working Papers, March 1, 2009",
  "sourceUrl": "https://www.imf.org/en/publications/wp/issues/2016/12/31/social-security-reforms-in-colombia-striking-demographic-and-fiscal-balances-22757",
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  "summary": "This paper analyzes the economic rationale for adopting parametric pension reforms and reforms broadening the coverage of public health care in Colombia during 1993-2008. Parametric pension reforms have focused on increasing the retirement age and moderating replacement rates.",
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    {
      "heading": "Scope and objectives",
      "content": "- Analyzes the economic rationale for adopting parametric pension reforms and reforms broadening the coverage of public health care in Colombia during 1993-2008.\n- Pension reforms examined: increasing the retirement age and moderating replacement rates.\n- Health system reforms examined: aiming at reaching universal coverage by 2012 and providing a more homogenous level of services."
    },
    {
      "heading": "Key quantitative findings",
      "content": "- Net Present Value of the debt of the social security system in Colombia:\n  - Pensions: roughly 160 percent of GDP\n  - Health system: about 97 percent of GDP"
    },
    {
      "heading": "Main themes and implications",
      "content": "- Parametric pension reforms:\n  - Focus on higher retirement age.\n  - Focus on moderating replacement rates.\n- Health system reforms:\n  - Target of universal coverage by 2012.\n  - Emphasis on homogenizing level of services across the population.\n\n---\n\n Content in this bundle\n\n- Wp0958\n  - Wp0958 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Wp0958 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2016/12/31/social-security-reforms-in-colombia-striking-demographic-and-fiscal-balances-22757"
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    "Authors: Sergio Clavijo",
    "Published: March 1, 2009",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9781451872057.001",
    "Analyzes the economic rationale for adopting parametric pension reforms and reforms broadening the coverage of public health care in Colombia during 1993-2008.",
    "Pension reforms examined: increasing the retirement age and moderating replacement rates.",
    "Health system reforms examined: aiming at reaching universal coverage by 2012 and providing a more homogenous level of services.",
    "Net Present Value of the debt of the social security system in Colombia:",
    "Parametric pension reforms:",
    "Health system reforms:",
    "**Wp0958**"
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