Description:
This report aims to provide additional
insights to existing analyses of public pension and social
security schemes in the Caribbean. Such analyses have been
undertaken with the support of the Inter-American
Development Bank, the Caribbean Development Bank, the
Canadian International Development Agency, the Economic
Commission for Latin America, and the Caribbean and the
International Social Security Association. By making
cross-country comparisons within the region and across the
world, this report will review fiscal vulnerability,
sustainability, labor market efficiency, migration,
financial market development, and other pension-related
areas. Finally, governance and investment management should
be strengthened by: (i) strengthening the governance
structure, including authority and accountability of Board
members; (ii) improving governance mechanisms with the
assistance of external oversight and improved information
disclosure; (iii) introducing codes of conduct for the
governing body and management; and (iv) introducing a number
of measures to strengthen the investment policies,
investment strategy, asset allocation, and performance evaluation.