Comment on the Egypt’s New Social Insurance System: An NDC Reform in an Emerging Economy
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International Bank for Reconstruction and Development / The World Bank
Abstract
The chapter summarizes the financial, economic, social, and demographic conditions that motivated proposals to reform the Arab
Republic of Egypt’s social insurance system. It elaborates on the appropriateness of a nonfinancial (notional) defined contribution (NDC) scheme—a key element in the structure
of the new pension system—in a middle-to-low-income country and discusses the main
options and constraints that have been taken into account in implementing the new system,
including political-economy issues.
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Citation
Bravo, J. M. (2012). Comment on the Egypt’s New Social Insurance System: An NDC Reform in an Emerging Economy. In Holzmann, Robert, Edward Palmer, and David Robalino, editors. 2012. Nonfinancial Defined Contribution Pension Schemes in a Changing Pension World: Vol.1, Progress, Lessons, and Implementation.
Washington, DC: World Bank. doi: 10.1596/978-0-8213-8848-8, pp. 159-188