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Peru approves a new early withdrawal of pension funds

RIO DE JANEIRO, BRAZIL - The Peruvian Congress approved by a large majority this Wednesday a new extraordinary withdrawal of private pension funds to face the pandemic and price increases due to the Russian invasion of Ukraine.

The rule was approved by 107 votes, eight against and two abstentions, and will allow some eight million contributors to private Pension Fund Administrators (AFP) to withdraw up to S/18,400 (about US$4,980) from their accounts.

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“This measure is intended . . .

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