The business front assures that the seventh release of funds will raise the cost of credit for all Peruvians.
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Given the eventual seventh withdrawal of pension funds of up to 4 ITU of the AFPConfiep assures that they will “destroy” retirement savings and is going against the reform.
Through a statement, they argued that the new release of up to S/20,600 of the funds will generate an outflow of S/34,000 million. Adding the six previous withdrawals, a gap of S/122,000 million (14% of GDP) was generated.
Furthermore, they indicate that The seventh withdrawal of 4 UITs will bring a greater financial burden to the State and the increase in the cost of borrowing due to the immediate sale of sovereign bonds – given that 19% of funds from the private pension regime are invested in these Government instruments – and thus, the cost of credit for everyone will rise.
Confiep urged political forces to “stop the destruction of retirement savings” and prioritize the debate to reform the pension system since “it is urgent that more Peruvians have the right to a pension” and the deterioration of the pension must be “avoided.” macroeconomic stability”.
Trained at the Jaime Bausate y Meza University. In constant learning. Economics is the branch of journalism closest to the people and my duty is to be a bridge to information.
Source: Larepublica
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