CB denies plan to take pension money
The Central Bank said yesterday that arguing that the government is seeking to make use of the pension funds through a legislative proposal concerning mortgages that will be sent to the National Congress shows a lack of legal understanding and a lack of knowledge. The bank said that the proposal was the result of a consensus between both public and private sectors, including workers, and far from being a mechanism to favor the use of pension funds by the government, constitutes a legal platform of vital importance for promoting the development of the mortgage market, under the leadership of the private sector.
The Central Bank called on all sectors to join forces to support the creation of the proposed new mortgage instruments.
Neither is the government, as the “issuer”, included in the project between the entities authorized to issue the instruments of the mortgage market. “In other words, [...]
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