02094cas a2200241 a 4500 AALejournalIMF017834 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484312216 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Western Hemisphere Dept. Paraguay : Selected Issues. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (19 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 paper highlights about a relatively large young population is a key strength for Paraguay's pension and health systems, a demographic shock will pose a key challenge. Fertility rates, measured as the number of children per woman, have already dropped substantially-from 6 1\2 children per woman in the 1950s to 2.6 children per woman over 2010-2015. A rise in social security coverage will also impact the Instituto de Provision Social (IPS), pension program over the longer term. Contributors have risen from 13 percent of the labor force in 2010 to around 21 percent in recent years. The authorities are also proposing new legislation to reform pension's oversight and investments. While Paraguay's financial system remains bank-based, the IPS and other pension funds are key institutional investors. The projections are based on a mix of data and assumptions from local and international sources. Demographic projections are those of the United Nations Population vision while data on labor force come from the International Labor Organization. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/234 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/234/002.2017.issue-234-en.xml IMF e-Library