01728cas a2200241 a 4500 AALejournalIMF017735 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484305645 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Nicaragua : Selected Issues. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (66 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper analyzes Nicaragua's social security system, which is projected to run out of liquid reserves by 2019, several years earlier than anticipated. To avoid burdening the budget, reforms to the system are urgently needed. A deep actuarial, economic, and operational analysis is needed to design a comprehensive reform program. Such a program must ensure that the defined-benefit, pay-as-you-go system can sustain itself for another generation of workers and that improved health care benefits can be maintained. A politically acceptable, pragmatic solution appears within reach. However, the authorities should act quickly to avoid a costly bailout of the system. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/174 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/174/002.2017.issue-174-en.xml IMF e-Library