Governance and State-Owned Enterprises: How Costly is Corruption?
Governance and State-Owned Enterprises: How Costly is Corruption?

Author: Ms.Anja Baum

Publisher: International Monetary Fund

Published: 2019-11-22

Total Pages: 43

ISBN-13: 1513522221

DOWNLOAD EBOOK

State-owned enterprises (SOEs) are present in key sectors of the economies around the world. While they can provide an important public service, there is widespread concern that their activities are negatively affected by corruption. However, there is limited cross-country analysis on the costs of corruption for SOEs. We present new evidence on how corruption affects the performance of SOEs using firm level data across a large number of countries. One striking result is that SOEs perform as well as private firms in core sectors when corruption is low. Taking advantage of a novel database reforms, we also show that SOE governance reforms can generate significant performance gains.

State-Owned Enterprises in Middle East, North Africa, and Central Asia: Size, Costs, and Challenges
State-Owned Enterprises in Middle East, North Africa, and Central Asia: Size, Costs, and Challenges

Author: Mr. Ernesto Ramirez Rigo

Publisher: International Monetary Fund

Published: 2021-09-20

Total Pages: 153

ISBN-13: 1513594087

DOWNLOAD EBOOK

Prior to the COVID-19 shock, the key challenge facing policymakers in the Middle East, North Africa, and Central Asia region was how to generate strong, sustainable, job-rich, inclusive growth. Post-COVID-19, this challenge has only grown given the additional reduction in fiscal space due to the crisis and the increased need to support the recovery. The sizable state-owned enterprise (SOE) footprint in the region, together with its cost to the government, call for revisiting the SOE sector to help open fiscal space and look for growth opportunities.

Fiscal Risks - Sources, Disclosure, and Management
Fiscal Risks - Sources, Disclosure, and Management

Author: International Monetary Fund. Fiscal Affairs Dept.

Publisher: International Monetary Fund

Published: 2008-05-31

Total Pages: 45

ISBN-13: 1498334520

DOWNLOAD EBOOK

A number of member countries have expressed interest in advice regarding disclosure and management of fiscal risks (defined as the possibility of deviations of fiscal outcomes from what was expected at the time of the budget or other forecast). This paper analyzes the main sources of fiscal risks and—building on an overview of existing practices in a wide range of countries—provides practical suggestions in this area, including a possible Statement of Fiscal Risks and a set of Guidelines for Fiscal Risk Disclosure and Management.

Reforms, Opportunities, and Challenges for State-Owned Enterprises
Reforms, Opportunities, and Challenges for State-Owned Enterprises

Author: Edimon Ginting

Publisher: Asian Development Bank

Published: 2020-07-01

Total Pages: 355

ISBN-13: 9292622838

DOWNLOAD EBOOK

State-owned enterprises (SOEs) play significant roles in developing economies in Asia and SOE performance remains crucial for economy-wide productivity and growth. This book looks at SOEs in Azerbaijan, Indonesia, Kazakhstan, the People's Republic of China, and Viet Nam, which together present a panoramic view of SOEs in the region. It also presents insights from the Republic of Korea on the evolving role of the public sector in various stages of development. It explores corporate governance challenges and how governments could reform SOEs to make them efficient drivers of the long-term productivity-induced growth essential to Asia's transition to high-income status.

Corporate Governance of State-Owned Enterprises
Corporate Governance of State-Owned Enterprises

Author: World Bank Publications

Publisher: World Bank Publications

Published: 2014-10-02

Total Pages: 391

ISBN-13: 1464802297

DOWNLOAD EBOOK

This Toolkit provides an overall framework with practical tools and information to help policymakers design and implement corporate governance reforms for state-owned enterprises. It concludes with guidance on managing the reform process, in particular how to prioritize and sequence reforms, build capacity, and engage with stakeholders.

Corporate Governance of State-Owned Enterprises
Corporate Governance of State-Owned Enterprises

Author: Organisation for Economic Co-operation and Development

Publisher: Org. for Economic Cooperation & Development

Published: 2005

Total Pages: 236

ISBN-13:

DOWNLOAD EBOOK

This publication gives a comparative review of corporate governance practices in relation to state-owned enterprises in OECD countries, including scale and organisation, board composition and functions, relationships with non-state shareholders, the role of stakeholders transparency and disclosure.

Politically Exposed Persons
Politically Exposed Persons

Author: Theodore S. Greenberg

Publisher: World Bank Publications

Published: 2010-04-19

Total Pages: 126

ISBN-13: 0821383337

DOWNLOAD EBOOK

In recent years, revelations of grand corruption and the plunder of state assets have led to greater scrutiny of financial relationships with politically exposed persons (PEPs) senior government officials and their family members and close associates. Notwithstanding the efforts by many financial institutions and regulatory authorities to prevent corrupt PEPs from entering and using the financial system to launder the proceeds of corruption, there has been an overall failure in the effective implementation of international standards on PEPs. Implementation of an effective PEP regime is a critical component in the prevention and detection of transfers of proceeds of crime and, therefore, ultimately in the process of recovering them. 'Politically Exposed Persons: Preventive Measures for the Banking Sector' is designed to help banks and regulatory authorities address the risks posed by PEPs and prevent corrupt PEPs from using domestic and international financial systems to launder the proceeds of corruption. The book provides recommendations and good practices aimed at improving compliance with international standards and increasing supervisory effectiveness. It is an important tool for individuals, governments, financial and private sector companies, and international organizations involved in developing and implementing standards aimed at fighting corruption and money laundering, and trying to recover stolen assets and the proceeds of corruption.

OECD Public Integrity Handbook
OECD Public Integrity Handbook

Author: OECD

Publisher: OECD Publishing

Published: 2020-05-20

Total Pages: 239

ISBN-13: 9264536175

DOWNLOAD EBOOK

The OECD Public Integrity Handbook provides guidance to government, business and civil society on implementing the OECD Recommendation on Public Integrity. The Handbook clarifies what the Recommendation’s thirteen principles mean in practice and identifies challenges in implementing them.