Wednesday 11 February 2015

The World Bank’s training on the analysis of pension fiscal regime

The World Bank’s training on the analysis of pension fiscal regime

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The World Bank recently delivered one week training on the analysis of pension fiscal regime to the selected Government’s officials from the Ministry of Finance and Ministry of Social Solidarity. The training took place from the 26th to the 30th January 2015 at the Ministry of Finance’s Training Center.

The training, delivered by the World Bank trainers, focused on the Pension Reform Options Simulation Toolkit (PROST) – a computer-based toolkit to simulate pension systems over times. The system is designed to estimate future trends of the pension system over a long time frame including coverage, contributions, benefits, financial flows, test robustness of the system to the shocks (e.g. demographic and economic) and evaluate and compare reform options to promote informed policy making.

The system can produce demographic projections, pension system demographics, pension system finances and other individual outputs.

In the context of Timor-Leste, the training was very relevant as “it focused on the recently proposed pensions or Social Security Scheme”.

Timor-Leste is not the first country to learn this system. It has used widely in more than 90 World Bank client countries. It was used to study the impact of the financial crisis on different types of pension system, implicit pension debt and compare its test results with the ILO and some actuarial models.

The training concluded with the ceremony handover of certificate the 13 selected participants from the National Directorate for Economic Policy of the Ministry of Finance and Ministry of Social Solidarity.

https://www.mof.gov.tl/the-world-banks-training-on-the-analysis-of-pension-fiscal-regime/?lang=en

Banku Mundial fo treinamentu “análize rejime fiskal pensaun” 

Banku Mundial foin lalais ne’e fo treinamentu durante semana ida konaba “análize rejime fiskal pensaun” ba ofisial sira Governu nian husi Ministériu Finansas no Ministériu Solidariedade Sosial. Treinamentu refere realiza husi Sigunda, 26 to’o Sesta, 30 Janeiru 2015 iha Sentru Treinamentu Ministériu Finansas.

Treinamentu ida ne’e, ne’ebé fornese husi treinador sira Banku Mundial, foka liu ba iha Pension Reform Options Simulation Toolkit (PROST) – sistema informátiku ida hodi halo simulasaun ba sistema pensaun. Sistema ida ne’e dezeñadu hodi halo estimasaun ba tendênsia futura sistema pensaun ba tempu naruk, inklui kobertura pensaun, kontribuisaun, benefísiu, fluxu finánseiru, no teste sistema ninia robustez ba surpreza sira (hanesan demográfika no ekonómika) no avalia no kompara opsaun sira hodi promove desizaun informada.

Sistema ida ne’e bele prodús projesaun demográfiku, sistema demográfiku pensaun, sistema finansiamentu pensaun no rezultadu individual sira seluk.

Iha kontektu Timor-Leste nian, treinamentu ida ne’e relevante tebes-tebes tamba “nia foka liu pensaun ka Rejime Siguransa Sosial ne’ebé foin lalais ne’e propoin ona”.

Timor-Leste laos nasaun primeiru ne’ebé aprende konaba sistema ida ne’e. Nasaun membru liu sia-nulu (90) maka uza tiha ona sistema ida ne’e. Sira uza hodi estuda impaktu krizi finanséiru ba sistema pensaun tipu oin-oin, dívida implísita pensaun, no kompara resultadu teste husi sistema ne’e ho modelu OIT nian no modelu aktuarial sira seluk.

Treinamentu semana ida ne’e remata ho seremonia entrega sertifikadu ba partisipante selesionadu nain sanulu resin tolu (13) husi Direisaun Nasional Polítika Ekonómika Ministériu Finansas no Ministériu Soliedaridade Sosial .

BARRIERS TO LONG-TERM FINANCING AT AFFORDABLE RATES: INTRODUCING A NATIONAL DEVELOPMENT BANK TO SUPPORT TIMOR-LESTE PRIVATE SECTOR DEVELOPMENT

BARRIERS TO LONG-TERM FINANCING AT AFFORDABLE RATES: INTRODUCING A NATIONAL DEVELOPMENT BANK TO SUPPORT TIMOR-LESTE PRIVATE SECTOR DEVEL...