Legal Framework of New Pension System
This Multilateral Investment Fund (MIF) technical cooperation, aimed at improving a new pension system to benefit workers, has two parts: (a) establishment of a legal and regulatory framework for reform of the pension system; and (b) implementation of the reform. Part A components include: (a) draft laws and draft regulation for the new pension system, as well as the establishment of prudential investment rules for pensions funds; and (b) training for legislators aimed at increasing their awareness of problems in the current pension system and reform alternatives. The training, to be directed at members of the National Assembly, particularly members of the legislative commission that will examine the draft pension reform laws, include courses, seminars, workshops, contact with legislators in other countries, preparation of written or audiovisual material, and formulation of best practices related to other countries in the region. Part B components include: (a) support to the government for the formulation and execution of a strategy to implement reform; (b) establishment of a Pension Superintendency (SUPEN), including design and implementatin of legal, institutional, administrative, financial, and technical aspects; (c) information systems for SUPEN, including internal system and online connection to supervised entities; and (d) a training program for SUPEN personnel and other key players in the reform.

Project Detail

Country

Nicaragua

Project Number

TC9902010

Approval Date

July 7, 1999

Project Status

Closed

Project Type

Technical Cooperation

Sector

SOCIAL INVESTMENT

Subsector

SOCIAL INVESTMENT

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 2,000,000.00

Country Counterpart Financing

USD 800,000.00

Original Amount Approved

USD 1,200,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/MT-6573-NI Non-Sovereign Guaranteed USD - United States Dollar Technical Cooperation Facility Nonreimbursable
Operation Number ATN/MT-6573-NI
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Technical Cooperation Facility
  • Financial Instrument: Nonreimbursable

Can’t find a document? Request information

 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-944910168-3880
Project Performance Monitoring Reports
PPMR for MIF project TC9902010 - ATN_MT-6573-NI [1784602].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-944910168-112
Specific Procurement Notices
Consulting Services [35235618].PDF
Dec. 31, 1999
English
https://www.iadb.org/document.cfm?id=EZSHARE-944910168-9389
Donors Memorandum
Respaldo al marco legal del nuevo sistema de pensiones y creación de la superintendencia de pensiones en Nicaragua [460671].PDF
Dec. 31, 1999
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-944910168-9388
Donors Memorandum
Support to the Legal Framework of the New Pension System and Creation of the Pension Superintendency in Nicaragua [460667].PDF
Dec. 31, 1999
English

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