Includes “Pension Fund Administrators in Latin America have used hundreds of millions of dollars in worker savings to finance dubious private companies and buy government debt, a new cross-border investigation has revealed. … Firms in the Dominican Republic, Costa Rica and El Salvador have used pension funds to finance up to 80 percent of the governments’ debt, which turned them into major financing sources for these countries.”
Read the full article on: Organized Crime and Corruption Reporting Project