Jobs and wage growth have been the most important driver of poverty reduction globally, and Central Asia. In Tajikistan, for example, it has cut poverty by about two-thirds since 2003. In…

Lilia Burunciuc |

In my first blog on Moldova’s pension system, I discussed challenges and reform options. My second one focused on the incentives to contribute into that pension system. Now, in this third blog, I…

Yuliya Smolyar |

My last post discussed the challenges and reforms of Moldova’s pension system, but I would like to focus now on the incentives for contributing into a pension system. This issue is especially…

Yuliya Smolyar |

In the early to mid-1990s, the Moldovan Government often didn’t pay pensions on time – sometimes they were up to two years late. And, they were often paid in-kind. This situation was a syndrome of…

Yuliya Smolyar, Victor Neagu |

We have all seen the numbers before: Over the coming decades, many countries in the developed and developing world alike will significantly age. One particular number to describe this development…

Johannes Koettl |