## Social Security Reforms in Colombia: Striking Demographic and Fiscal Balances

_IMF Working Papers, March 1, 2009_

## Source details

**Canonical URL:** [Social Security Reforms in Colombia: Striking Demographic and Fiscal Balances](https://www.imf.org/en/publications/wp/issues/2016/12/31/social-security-reforms-in-colombia-striking-demographic-and-fiscal-balances-22757)

## Other formats

- [Markdown version](/en/publications/wp/issues/2016/12/31/social-security-reforms-in-colombia-striking-demographic-and-fiscal-balances-22757/index.md)
- [Structured JSON version](/en/publications/wp/issues/2016/12/31/social-security-reforms-in-colombia-striking-demographic-and-fiscal-balances-22757/index.json)
- [Bundle manifest](/en/publications/wp/issues/2016/12/31/social-security-reforms-in-colombia-striking-demographic-and-fiscal-balances-22757/bundle-manifest.json)

## Bibliographic details
- Authors: Sergio Clavijo
- Published: March 1, 2009
- Series: IMF Working Papers
- DOI: https://doi.org/10.5089/9781451872057.001

---

### Scope and objectives
- 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.

### Key quantitative findings
- Net Present Value of the debt of the social security system in Colombia:
  - Pensions: roughly 160 percent of GDP
  - Health system: about 97 percent of GDP

### Main themes and implications
- Parametric pension reforms:
  - Focus on higher retirement age.
  - Focus on moderating replacement rates.
- Health system reforms:
  - Target of universal coverage by 2012.
  - Emphasis on homogenizing level of services across the population.

---

## Content in this bundle

- **Wp0958**
  - [Wp0958 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2009/_wp0958.pdf.md){rel="alternate" type="text/markdown"}
  - [Wp0958 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/wp/2009/_wp0958.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/wp/issues/2016/12/31/social-security-reforms-in-colombia-striking-demographic-and-fiscal-balances-22757_