Country risk improvements seen in 2023-2024 may be rapidly reversed. Over the past year, we upgraded 48 countries and territories, while downgrades were limited to five, mostly in the Middle East, including Bahrain, Israel and Kuwait.
The unweighted overall score for all pension systems analyzed is 3.7, signaling continued high pressure to reform. Compared to our last report from 2023, there has been some movements – but not always in the right direction.
The world is still far from achieving the full set of Sustainable Development Goals (SDGs) by the 2030 deadline. The UN’s midpoint analysis marked a significant portion of goals in red – denoting "stagnation or regression" – which suggests that many goals are not only off track but are worsening in some regions.