Program to Strengthen the Social Security System of Chile

The general objective of the project is to support the implementation of the pension reform (Law No. 21,735), as a necessary condition for improving the adequacy, gender equity, and access to information in the Chilean pension system (SPC). The specific objective is to improve the institutional capacity of the actors responsible for implementing the pension reform to support timely and high-quality compliance with the new obligations related to the collection and accreditation of contributions, payment of benefits, oversight, and dissemination of information to the public.

Project Detail

Country

Chile

Project Number

CH-L1187

Approval Date

August 6, 2025

Project Status

Implementation

Project Type

Loan Operation

Sector

SOCIAL INVESTMENT

Subsector

PENSIONS & SOCIAL SECURITY

Lending Instrument

Investment Loan

Lending Instrument Code

INV

Modality

LBR (Loan Based on Results)

Facility Type

Environmental and Social Impact Category (ESIC)

Category C: Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 15,000,000.00

Country Counterpart Financing

Original Amount Approved

USD 15,000,000.00

Financial Information

Operation Number	Lending Type	Reporting Currency	Reporting Date	Signed Date	Fund	Financial Instrument
6030/OC-CH	Sovereign Guaranteed	USD - United States Dollar	Aug. 27, 2025		Ordinary Capital	Flexible Financing Facility

Operation Number

6030/OC-CH

Lending Type: Sovereign Guaranteed
Reporting Currency: USD - United States Dollar
Reporting Date: Aug. 27, 2025
Signed Date:
Fund: Ordinary Capital
Financial Instrument: Flexible Financing Facility

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Implementation Phase

https://www.iadb.org/document.cfm?id=EZIDB0000366-965128629-50702

Loan Contract

Programa de Fortalecimiento al Sistema de Seguridad Social de Chile - CH-L1187.pdf

Aug. 14, 2025

Spanish

https://www.iadb.org/document.cfm?id=EZIDB0000366-965128629-50701

Loan Contract

Program to Strengthen the Social Security System of Chile - CH-L1187.pdf

Aug. 14, 2025

English

https://www.iadb.org/document.cfm?id=EZIDB0003418-634304489-33

Loan Proposal

Chile. Propuesta de prestamo para el _Programa de Fortalecimiento al Sistema de Seguridad Social de Chile” (PR-5299).pdf

Jul. 23, 2025

Spanish