State Your Business! : An Evaluation of World Bank Group Support to the Reform of State-Owned Enterprises, FY08-18
State Owned Enterprises (SOEs) play a major role in many developing and emerging economies, where governments use them to achieve economic, social, and political objectives. SOEs deliver and extend access to services, fill gaps in markets, develop...
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| Format: | Evaluation |
| Language: | English |
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World Bank, Washington, DC
2020
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| Online Access: | http://documents.worldbank.org/curated/en/107061607037925280/State-Your-Business-An-Evaluation-of-World-Bank-Group-Support-to-the-Reform-of-State-Owned-Enterprises-FY08-18 http://hdl.handle.net/10986/34945 |
| Summary: | State Owned Enterprises (SOEs) play a
major role in many developing and emerging economies, where
governments use them to achieve economic, social, and
political objectives. SOEs deliver and extend access to
services, fill gaps in markets, develop key sectors or
regions, and provide employment. However, SOEs’ mixed
institutional mandates and their political importance often
pose performance, financial and governance challenges. This
is IEG’s first systematic assessment of the Bank Group’s
support for the reform of SOEs, looking at what works and
the factors of success. It parallels Bank Group efforts to
provide more integrated support to SOE reform in client
countries and to empower staff with new tools. The
evaluation focused on five major types of SOE reforms in the
financial and energy sectors: (i) Corporate governance
improvements; (ii) Business and operational reforms; (iii)
Measures to strengthen competition and regulation in SOE
markets; (iv) Privatization and other ownership reforms
(including PPPs); (v) Macro, fiscal, and public financial
management (PFM) reforms. The evaluation includes findings
about the impact of competition on SEO performance;
corruption control and its effect on SEO reform; the success
of World Bank Group sequential and complementarity
interventions; and about other factors that aid success such
us client commitment, collaboration, strong design features,
solid results frameworks and monitoring, and early risk
identification. Based on the findings and lessons of
experience drawn from this evaluation, IEG offers Management
two recommendations to enhance the Bank Group’s support to
SOE reform: (i) The World Bank Group should apply a
selectivity framework for SOE reform support that considers
country governance conditions, control of corruption, and
sector and enterprise-level competition; and (ii) The World
Bank Group should apply the MFD and its embedded Cascade
approach for SOE reform. |
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