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

Author: Mr. Ernesto Ramirez Rigo, Christine J. Richmond, Oluremi Akin Olugbade, Gareth Anderson, Maria Atamanchuk, Mr. Hatim Bukhari, Iacovos Ioannou, Deeksha Kale, Tannous Kass-Hanna, Mr. Maximilien Queyranne, Wei Shi, and Joyce Wong

State-owned enterprises are prominent in the region and yet, their role and contribution to the economy is ambiguous.

Volume/Issue: Volume 2021 Issue 019

Publication date: September 2021

ISBN: 9781513594088

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Economics- Macroeconomics , Public Finance , International - Economics , Corporate Governance , Public Policy , State-owned enterprises , corporate governance , fiscal risks , Middle East , Central Asia , COVID-19 , SOE footprint , government support , SOE definition , SOE mandate , SOE sector , SOE governance , Public enterprises , Public sector , North Africa , Middle East and Central Asia , Global

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Summary

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.