Livestreamed from Bahrain, 16th & 17th November 2021
What should MENA Pension Systems look like for the next 50 years?
It has been around 50 years since social insurance and pension systems were first introduced into the various countries of the Middle East and North Africa (MENA). The region has thrived in the first 50 years of pensions, which we can now dub “the golden years of pensions”. This was possible despite the unexpected volatile economic and labor-market conditions, and the limited single-pillar structure of social insurance through Defined Benefit (DB) pension that exists till this day. In the GCC, a strong oil-economy and a fund lifecycle where asset accumulation grew much faster than the number of retiring workers in the first 40 years, kept pension funds highly solvent and fully able to keep their promises to retirees with a golden handshake.
With aging populations challenging the very model upon which pensions have been built, with the majority of populations in several MENA countries working in informal sector, with millions of youths being nudged to work in the new gig-economy, with more than half of the workforce in the GCC being expat workers, and with most regional pension funds running chronic actuarial deficits, how should we design the MENA pensions systems for the next 50 years? How do we want our children and their children to retire one or two generations from today?
The Arab Pensions Conference 2021 will tackle these questions over two days:
25th & 26th May 2021
Live-streamed from Bahrain, 11:00 – 13:00 (GMT+3)
Join us for two days of an interactive conference to navigate the neglected yet critical terrain of household savings and personal finance in MENA region. This brand-new regional event tackles financial literacy, financial education, and financial inclusion, as well as household financial resilience across the Arab world, through long-term savings. The conference sessions will address the following;
A virtual conference, from 3rd to 26th May 2021
For the first time, the World Bank is offering a global Social Protection & Jobs (SPJ) event at no cost, and with interpretation available both in Arabic and French.
This year, the World Bank’s Social Protection and Jobs Global Practice will host a virtual Core Knowledge Exchange event (CKEx). While the COVID-19 pandemic prevents us from meeting in person, we will bring together global experts, World Bank staff, practitioners, policymakers, and others for a month-long event beginning May 3, 2021, and running through May 26.
Themes. The CKEx event will focus on two overarching themes:
16th & 17th November 2020
Live-streamed from Bahrain, 11:00 – 16:15 (GMT+3)
Join Fintech Robos for two days of interactive webinars to navigate the tough terrain in which global and regional Defined Benefit (DB) pension schemes balance increasing short-term financial pressures with long-term survivability.
This conference will tackle the following questions:
Can Public Defined Benefit Pension Systems be Saved through Parametric Reforms?