Nicaragua: Pension Cuts and Higher Employer/Worker Contributions
Last April 16, the head of the Nicaraguan Institute of Social Security (INSS), Roberto Lopez, announced the Ortega government’s unilateral decision to impose several unpopular reforms to the country’s pension system, which served as a trigger for a crisis that had been accumulating for years. Those reforms were retracted five days later. As of this week, they are back…
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