Audio – Mexico’s pension overhaul should benefit markets

March 21, 2007

A proposal to overhaul one of the government’s pension systems was cleared by congressional committees this week in a rare agreement between Mexico’s top political parties. The legislation introduces private retirement accounts for public-sector workers but still needs approval from the Congress lower chamber and Senate.

If passed, the new pension system could push the government to take extra debt but would bolster public finances in the long term.

Mexico’s Deputy Finance Minister Alejandro Werner spoke at the Reuters Latin American Investment Summit about the benefits of the proposed changes to the pension system. 

No comments so far

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/