Lesotho State-Owned Enterprises : A Country Policy Note

The objectives of this note are identifying the fiscal implications and the shortcomings of the corporate governance of the SOE sector through an initial stock taking of the sector. This policy note first presents a description of the SOE sector i...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2018
Subjects:	PRIVATIZATION PRIVATE SECTOR DEVELOPMENT REGULATION BUSINESS ENVIRONMENT GOVERNANCE REFORM FISCAL MANAGEMENT LEGAL FRAMEWORK ENTERPRISE DEVELOPMENT
Online Access:	http://documents.worldbank.org/curated/en/964741523980623696/Lesotho-State-owned-enterprises-a-country-policy-note http://hdl.handle.net/10986/29752

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recordtype	oai_dc
spelling	okr-10986-297522021-05-25T09:13:54Z Lesotho State-Owned Enterprises : A Country Policy Note World Bank PRIVATIZATION PRIVATE SECTOR DEVELOPMENT REGULATION BUSINESS ENVIRONMENT GOVERNANCE REFORM FISCAL MANAGEMENT LEGAL FRAMEWORK ENTERPRISE DEVELOPMENT The objectives of this note are identifying the fiscal implications and the shortcomings of the corporate governance of the SOE sector through an initial stock taking of the sector. This policy note first presents a description of the SOE sector in Lesotho, analyzing its scope, size, performance and major problems. For the purposes of this Policy Note, the term SOE refers to all legal entities which undertake commercial activities on Government’s behalf, although in reality some SOEs have both commercial and social objectives. The coverage of this study is limited to commercial, revenue generating enterprises where Government has a significant control through full or partial ownership. It does not include non-revenue generating statutory or regulatory bodies which depend entirely on transfers from Government. The policy note then focuses on the financial relations between the state and the SOE sector, examining the sector's impact on government finances. This is followed by a section on the governance framework for the sector, which identifies strengths and weaknesses and opportunities for improvement, this is important to identify opportunities for government to strengthen its management of SOEs, increase the transparency of the sector and, eventually, improve their performance. The final section makes policy recommendations based on the research findings and conclusions and on international best practices. A section at the end of the Executive Summary proposes an action plan and timetable for an SOE program. 2018-04-30T14:37:26Z 2018-04-30T14:37:26Z 2016-06-30 Report http://documents.worldbank.org/curated/en/964741523980623696/Lesotho-State-owned-enterprises-a-country-policy-note http://hdl.handle.net/10986/29752 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Policy Notes Economic & Sector Work Africa Lesotho
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	PRIVATIZATION PRIVATE SECTOR DEVELOPMENT REGULATION BUSINESS ENVIRONMENT GOVERNANCE REFORM FISCAL MANAGEMENT LEGAL FRAMEWORK ENTERPRISE DEVELOPMENT
spellingShingle	PRIVATIZATION PRIVATE SECTOR DEVELOPMENT REGULATION BUSINESS ENVIRONMENT GOVERNANCE REFORM FISCAL MANAGEMENT LEGAL FRAMEWORK ENTERPRISE DEVELOPMENT World Bank Lesotho State-Owned Enterprises : A Country Policy Note
geographic_facet	Africa Lesotho
description	The objectives of this note are identifying the fiscal implications and the shortcomings of the corporate governance of the SOE sector through an initial stock taking of the sector. This policy note first presents a description of the SOE sector in Lesotho, analyzing its scope, size, performance and major problems. For the purposes of this Policy Note, the term SOE refers to all legal entities which undertake commercial activities on Government’s behalf, although in reality some SOEs have both commercial and social objectives. The coverage of this study is limited to commercial, revenue generating enterprises where Government has a significant control through full or partial ownership. It does not include non-revenue generating statutory or regulatory bodies which depend entirely on transfers from Government. The policy note then focuses on the financial relations between the state and the SOE sector, examining the sector's impact on government finances. This is followed by a section on the governance framework for the sector, which identifies strengths and weaknesses and opportunities for improvement, this is important to identify opportunities for government to strengthen its management of SOEs, increase the transparency of the sector and, eventually, improve their performance. The final section makes policy recommendations based on the research findings and conclusions and on international best practices. A section at the end of the Executive Summary proposes an action plan and timetable for an SOE program.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Lesotho State-Owned Enterprises : A Country Policy Note
title_short	Lesotho State-Owned Enterprises : A Country Policy Note
title_full	Lesotho State-Owned Enterprises : A Country Policy Note
title_fullStr	Lesotho State-Owned Enterprises : A Country Policy Note
title_full_unstemmed	Lesotho State-Owned Enterprises : A Country Policy Note
title_sort	lesotho state-owned enterprises : a country policy note
publisher	World Bank, Washington, DC
publishDate	2018
url	http://documents.worldbank.org/curated/en/964741523980623696/Lesotho-State-owned-enterprises-a-country-policy-note http://hdl.handle.net/10986/29752
_version_	1764470109072523264

Lesotho State-Owned Enterprises : A Country Policy Note

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