Uruguay to keep private pension funds, minister says
Uruguay’s private pension fund managers will remain a key part of the nation’s social security system, Finance Minister Gabriel Oddone said Thursday. Speaking with local radio station Radiomundo 1170, Oddone dismissed concerns about nationalization, stating that individual savings accounts will stay protected and under private sector administration. The future of the pension system has drawn attention from the international community. Oddone said that potential changes to these funds were the main concern raised by investors during last week’s International Monetary...
