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Efforts to partially privatize the national pension scheme have been met with skepticism

Efforts to partially privatize the national pension scheme have been met with skepticism and calls for reform to improve its operation. President Museveni is not supporting the bill. “In 2015, at one of the NSSF celebrations, the President said: ‘Some people have been coming to me with this idea that the sector will be more efficient when private players are allowed in, but I just kept quiet. I have never opposed or supported the proposed reforms.’ He continued: ‘Unless these people who are pushing for liberalization are saying that NSSF is being mismanaged, they will really have to convince me more.’ At the same function, he observed: ‘Having one player has one good advantage that we have money available for any useful capital development projects. (…) From the ULS, the Workers' Unions, the Workers' MPs and the NSSF, the message has been one: Amend the NSSF Act but do not repeal it.”

Source: allAfrica.com

Greece: people wonder when the pain will end

As the government signs on to another draconian agreement involving austerity and privatization with European institutions and the International Monetary Fund, its people wonder when the pain will end. “Mr. Tsipras's political opponents, who have been gaining ground in opinion polls, have noted that the country will remain under foreign supervision for years to come and will still be subject to harsh austerity measures, including a package approved by Parliament last week that includes further pension cuts, tax increases and privatization of state assets. That view is often echoed by regular Greeks. ‘What exit? This is a life sentence,’ said Giorgos Amanatidis, a 67-year-old pensioner in Athens. He added, ‘Taxes, taxes and more taxes.' Where's the light at the end of the tunnel? What kind of future do my grandchildren have here?’ The pace of privatizations has recently been accelerating.

Source: www.nytimes.com