Chile, Peru, and Colombia: Pension Withdrawal Reforms as a Response to the COVID-19 Crisis

Posted on 08/04/2020

On July 23, 2020, the National Congress of Chile approved a constitutional reform that will allow workers to withdraw 10% from their pension funds (AFPs), a US$ 200 billion market, in order to help Chileans face the economic difficulties stemmed from the COVID-19 pandemic and lockdown measures. The Chilean economy suffered a year-on-year contraction of […]

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