Description

Reform of Lebanon’s pension system is indispensable. The country already faces fiscal
 sustainability risks, which will be compounded in the future by significantly higher pensionrelated
 spending and liabilities, mainly reflecting adverse demographics. In addition to
 sustainability issues, the pension system also suffers from equity shortcomings—Lebanon
 is the only MENA country that does not offer social security for retirees in the private sector.
 While several reform proposals have been formulated since the early 2000s, none has been
 implemented to date. Costs mount with every year of delay, so action is required soon to
 address these challenges.

More publications in this series: Working Papers

More publications by: Mariusz Jarmuzek ; Najla Nakhle