How to Build Public Support for Energy Subsidy and Pension Reforms

How to Build Public Support for Energy Subsidy and Pension Reforms

(Credit: Unsplash) This article is published in association with IMF. Era Dabla-Norris, Davide Furceri, Mauricio Soto Many countries struggle with low economic growth and high debt and will need bold fiscal actions to restore their finances. Two significant areas for potential savings are energy subsidies and pension systems. However, reforms in both areas can be unpopular with the public. Public support is crucial for the success of these refor…

IMF | How to Build Public Support for Energy Subsidy and Pension Reforms | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources How to Build Public Support for Energy Subsidy and Pension Reforms

Blog post by: Era Dabla-Norris, Davide Furceri, Mauricio Soto | Public approval is crucial for carrying out difficult reforms that can help countries lower debt and increase growth Many countries struggle with low economic growth and high debt and will need bold fiscal actions to restore their finances. Two significant areas for potential savings are energy subsidies and pension systems. However, reforms in both areas can be unpopular with the p…

The International Monetary Fund (IMF) again called for countries to reduce their fiscal vulnerabilities and now the strategy it proposes is to reform subsidies for energy and public pensions.In the analytical chapter of the Fiscal Monitor semi-annual report, IMF analysts explained the relevance of raising public awareness of the benefits of these reforms, as they can be mechanisms to reduce inequality and improve the efficiency of energy service…