Launch of a World Bank Report.
Bulgaria is undergoing a profound socio-economic transformation brought about by extraordinary demographic change. It is heading for the steepest decline in working-age population in the world. By 2050, one in three Bulgarians is projected to be older than 65 and only one in two Bulgarians will be of working age. As more and more workers exit the workforce and fewer Bulgarians replace them, the need to implement broad-based reforms today, in order to help the country avert potential challenges tomorrow, continues to intensify.
The recently published World Bank report "Mitigating the Economic Impact of an Aging Population: Options for Bulgaria" that will be presented during this lunch meeting, explores options for addressing the macro-fiscal challenges Bulgaria is likely to face as a result of its demographic change. The report also discusses policies for steering Bulgaria towards a more inclusive future that provides for young and old Bulgarians alike.
Copies of the report will be made available during the meeting.
Participation in this meeting is exceptionally free of charge. A sandwich lunch will be served before the event, from 12.30 onwards.