Pension Reform in Peru Begins to Bear Fruit

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Pension Reform in Peru Begins to Bear Fruit
IDBAmerica

Dec. 29, 2005

Excerpt: Peru's private pension system was established as an alternative in 1992 during a time of financial crisis and virtual collapse of the state-run pension system. The system consists of funds controlled by five competing pension fund management firms known as Administradoras de Fondos de Pensiones, or AFPs.

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