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

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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.


Book Synopsis State-Owned Enterprises in Middle East, North Africa, and Central Asia: Size, Costs, and Challenges by : Mr. Ernesto Ramirez Rigo

Download or read book State-Owned Enterprises in Middle East, North Africa, and Central Asia: Size, Costs, and Challenges written by Mr. Ernesto Ramirez Rigo and published by International Monetary Fund. This book was released on 2021-09-20 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


State-Owned Enterprises in the Middle East and North Africa Engines of Development and Competitiveness?

State-Owned Enterprises in the Middle East and North Africa Engines of Development and Competitiveness?

Author: OECD

Publisher: OECD Publishing

Published: 2013-10-21

Total Pages: 125

ISBN-13: 9264202978

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This publication examines the contribution of MENA SOEs to industiral development, diversification, poverty elimination and the provision of goods and services to the public, and provides an overview of the diverse mandates and roles of MENA SOEs.


Book Synopsis State-Owned Enterprises in the Middle East and North Africa Engines of Development and Competitiveness? by : OECD

Download or read book State-Owned Enterprises in the Middle East and North Africa Engines of Development and Competitiveness? written by OECD and published by OECD Publishing. This book was released on 2013-10-21 with total page 125 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication examines the contribution of MENA SOEs to industiral development, diversification, poverty elimination and the provision of goods and services to the public, and provides an overview of the diverse mandates and roles of MENA SOEs.


State-Owned Enterprises in the Middle East and North Africa

State-Owned Enterprises in the Middle East and North Africa

Author: Merih Celasun

Publisher: Routledge

Published: 2013-01-11

Total Pages: 344

ISBN-13: 1134562349

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In the rapid world-wide spread of privatization, progress in the Middle East and North Africa region has been markedly slow. This volume argues that a high level of overstaffing in public enterprises and the inability of economies to create jobs fast enough is mainly responsible for this. An in-depth study of the facts and a well-supported conclusion makes this an impressive collection of work on a very pertinent subject.


Book Synopsis State-Owned Enterprises in the Middle East and North Africa by : Merih Celasun

Download or read book State-Owned Enterprises in the Middle East and North Africa written by Merih Celasun and published by Routledge. This book was released on 2013-01-11 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the rapid world-wide spread of privatization, progress in the Middle East and North Africa region has been markedly slow. This volume argues that a high level of overstaffing in public enterprises and the inability of economies to create jobs fast enough is mainly responsible for this. An in-depth study of the facts and a well-supported conclusion makes this an impressive collection of work on a very pertinent subject.


State-Owned Enterprises in the Middle East and North Africa

State-Owned Enterprises in the Middle East and North Africa

Author:

Publisher:

Published: 2013

Total Pages:

ISBN-13:

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Book Synopsis State-Owned Enterprises in the Middle East and North Africa by :

Download or read book State-Owned Enterprises in the Middle East and North Africa written by and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:


Towards New Arrangements for State Ownership in the Middle East and North Africa

Towards New Arrangements for State Ownership in the Middle East and North Africa

Author: OECD

Publisher: OECD Publishing

Published: 2012-03-05

Total Pages: 175

ISBN-13: 9264169113

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This publication provides insight into the varied and rich experience in SOE reform in the region over the past decade, highlighting reform initiatives undertaken at national and country specific levels.


Book Synopsis Towards New Arrangements for State Ownership in the Middle East and North Africa by : OECD

Download or read book Towards New Arrangements for State Ownership in the Middle East and North Africa written by OECD and published by OECD Publishing. This book was released on 2012-03-05 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication provides insight into the varied and rich experience in SOE reform in the region over the past decade, highlighting reform initiatives undertaken at national and country specific levels.


Towards New Arrangements for State Ownership in the Middle East and North Africa

Towards New Arrangements for State Ownership in the Middle East and North Africa

Author: OECD

Publisher: OECD Publishing

Published: 2012-03-21

Total Pages: 175

ISBN-13: 9789264110908

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This publication provides insight into the varied and rich experience in SOE reform in the region over the past decade, highlighting reform initiatives undertaken at national and country specific levels.


Book Synopsis Towards New Arrangements for State Ownership in the Middle East and North Africa by : OECD

Download or read book Towards New Arrangements for State Ownership in the Middle East and North Africa written by OECD and published by OECD Publishing. This book was released on 2012-03-21 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication provides insight into the varied and rich experience in SOE reform in the region over the past decade, highlighting reform initiatives undertaken at national and country specific levels.


Public Sector Reform in the Middle East and North Africa

Public Sector Reform in the Middle East and North Africa

Author: Robert P. Beschel

Publisher: Brookings Institution Press

Published: 2020-12-01

Total Pages: 328

ISBN-13: 0815736983

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Critical examinations of efforts to make governments more efficient and responsive Political upheavals and civil wars in the Middle East and North Africa (MENA) have obscured efforts by many countries in the region to reform their public sectors. Unwieldy, unresponsive—and often corrupt—governments across the region have faced new pressure, not least from their publics, to improve the quality of public services and open up their decisionmaking processes. Some of these reform efforts were under way and at least partly successful before the outbreak of the Arab Spring in 2010. Reform efforts have continued in some countries despite the many upheavals since then. This book offers a comprehensive assessment of a wide range of reform efforts in nine countries. In six cases the reforms targeted core systems of government: Jordan's restructuring of cabinet operations, the Palestinian Authority's revision of public financial management, Morocco's voluntary retirement program, human resource management reforms in Lebanon, an e-governance initiative in Dubai, and attempts to improve transparency in Tunisia. Five other reform efforts tackled line departments of government, among them Egypt's attempt to improve tax collection and Saudi Arabia's work to improve service delivery and bill collection. Some of these reform efforts were more successful than others. This book examines both the good and the bad, looking not only at what each reform accomplished but at how it was implemented. The result is a series of useful lessons on how public sector reforms can be adopted in MENA.


Book Synopsis Public Sector Reform in the Middle East and North Africa by : Robert P. Beschel

Download or read book Public Sector Reform in the Middle East and North Africa written by Robert P. Beschel and published by Brookings Institution Press. This book was released on 2020-12-01 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Critical examinations of efforts to make governments more efficient and responsive Political upheavals and civil wars in the Middle East and North Africa (MENA) have obscured efforts by many countries in the region to reform their public sectors. Unwieldy, unresponsive—and often corrupt—governments across the region have faced new pressure, not least from their publics, to improve the quality of public services and open up their decisionmaking processes. Some of these reform efforts were under way and at least partly successful before the outbreak of the Arab Spring in 2010. Reform efforts have continued in some countries despite the many upheavals since then. This book offers a comprehensive assessment of a wide range of reform efforts in nine countries. In six cases the reforms targeted core systems of government: Jordan's restructuring of cabinet operations, the Palestinian Authority's revision of public financial management, Morocco's voluntary retirement program, human resource management reforms in Lebanon, an e-governance initiative in Dubai, and attempts to improve transparency in Tunisia. Five other reform efforts tackled line departments of government, among them Egypt's attempt to improve tax collection and Saudi Arabia's work to improve service delivery and bill collection. Some of these reform efforts were more successful than others. This book examines both the good and the bad, looking not only at what each reform accomplished but at how it was implemented. The result is a series of useful lessons on how public sector reforms can be adopted in MENA.


Privatization and Financial Performance

Privatization and Financial Performance

Author: David Dawley

Publisher:

Published: 2013

Total Pages: 0

ISBN-13:

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This study investigates the impact of privatization on value creation in State Owned Enterprises (SOEs) in the Middle East and North Africa (MENA) region. A multi-case study approach, using quantitative and qualitative data, is used to rectify the findings of prior SOE privatization research by taking a finer-grained analysis into the conditions that determine post-privatization performance. This study addresses the research question, "What is the effect of privatization in terms of value creation for State Owned Enterprises in the Middle East and North Africa (MENA) region?" Value creation is measured in terms of profitability, operating efficiency, capital expenditures, and leverage. Using quantitative performance metrics to assess value creation, we also use qualitative data to show that post-privatization value creation depends on specific strategic initiatives as well as government policy toward competition. Our overall conclusion is that privatizing SOEs can be beneficial in the MENA region but must coincide with strong government reform policies, and certain financial and managerial strategies.


Book Synopsis Privatization and Financial Performance by : David Dawley

Download or read book Privatization and Financial Performance written by David Dawley and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study investigates the impact of privatization on value creation in State Owned Enterprises (SOEs) in the Middle East and North Africa (MENA) region. A multi-case study approach, using quantitative and qualitative data, is used to rectify the findings of prior SOE privatization research by taking a finer-grained analysis into the conditions that determine post-privatization performance. This study addresses the research question, "What is the effect of privatization in terms of value creation for State Owned Enterprises in the Middle East and North Africa (MENA) region?" Value creation is measured in terms of profitability, operating efficiency, capital expenditures, and leverage. Using quantitative performance metrics to assess value creation, we also use qualitative data to show that post-privatization value creation depends on specific strategic initiatives as well as government policy toward competition. Our overall conclusion is that privatizing SOEs can be beneficial in the MENA region but must coincide with strong government reform policies, and certain financial and managerial strategies.


From Privilege to Competition

From Privilege to Competition

Author: World Bank

Publisher: World Bank Publications

Published: 2009-11-04

Total Pages: 276

ISBN-13: 0821378899

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'From Privilege to Competition: Unlocking Private-Led Growth in the Middle East and North Africa' sheds new light on the difficult quest for stronger and more diversified growth in a region of unquestionable potential. It underlines the need to strengthen reforms in many areas specifically, by reducing policy uncertainty and improving credit and real estate markets. It also highlights other important issues that restrain the credibility and impact of reforms in many parts of the region: conflicts of interest between politicians and businesses, an investment climate that favors a few privileged firms, and a dominant private sector that often opposes reforms. The book recommends that countries in the Middle East and North Africa (MENA) engage in more credible reform agendas by improving the implementation of policies in a manner that will reduce discretion and privileges. This renewed commitment to stronger growth would entail several developments. First, governments will need to reduce opportunities for rent-seeking and foster competition. Second, they will need to work to reform institutions: private sector development policies will need to be systematically anchored in elements of institutional and public sector reforms in order to reduce discretion and opacity and improve the quality of services to firms. Third, they will need to mobilize all stakeholders, including larger representations from the private sector, around dedicated long-term growth strategies. Short of such a fundamental shift in the way private sector policies are formulated and implemented, investor expectations that governments are committed to reform will be limited. It will take political will and time to support sustained reforms that credibly convince investors and the public that changes are real, deep, and set to last. MENA countries are endowed with strong human capital, good infrastructure, immense resources, and a great deal of untapped creativity and entrepreneurship. The economic and social payoff of embarking on a more ambitious private-led growth agenda could thus be immense for all.


Book Synopsis From Privilege to Competition by : World Bank

Download or read book From Privilege to Competition written by World Bank and published by World Bank Publications. This book was released on 2009-11-04 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'From Privilege to Competition: Unlocking Private-Led Growth in the Middle East and North Africa' sheds new light on the difficult quest for stronger and more diversified growth in a region of unquestionable potential. It underlines the need to strengthen reforms in many areas specifically, by reducing policy uncertainty and improving credit and real estate markets. It also highlights other important issues that restrain the credibility and impact of reforms in many parts of the region: conflicts of interest between politicians and businesses, an investment climate that favors a few privileged firms, and a dominant private sector that often opposes reforms. The book recommends that countries in the Middle East and North Africa (MENA) engage in more credible reform agendas by improving the implementation of policies in a manner that will reduce discretion and privileges. This renewed commitment to stronger growth would entail several developments. First, governments will need to reduce opportunities for rent-seeking and foster competition. Second, they will need to work to reform institutions: private sector development policies will need to be systematically anchored in elements of institutional and public sector reforms in order to reduce discretion and opacity and improve the quality of services to firms. Third, they will need to mobilize all stakeholders, including larger representations from the private sector, around dedicated long-term growth strategies. Short of such a fundamental shift in the way private sector policies are formulated and implemented, investor expectations that governments are committed to reform will be limited. It will take political will and time to support sustained reforms that credibly convince investors and the public that changes are real, deep, and set to last. MENA countries are endowed with strong human capital, good infrastructure, immense resources, and a great deal of untapped creativity and entrepreneurship. The economic and social payoff of embarking on a more ambitious private-led growth agenda could thus be immense for all.


Partners for Development

Partners for Development

Author: Samiha Fawzy

Publisher: World Bank Publications

Published: 1999-01-01

Total Pages: 242

ISBN-13: 9780821344828

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¿¿the world is changing and so should the region. After decades of state domination of economic activity, many governments around the world are relying increasingly on the private sector to foster economic growth.¿ There is a growing consensus that the time has come for governments and private sector leaders of the Middle East and North Africa to forge a new partnership for development. However, the question is: what kind of partnership should the two parties seek in order to ensure sustainable economic development? This volume attempts to address this question. To make the investigation tractable, the papers deal with four key facets of the government-private sector interface: the business environment, privatization, infrastructure, and two activities that induce transaction costs, tax administration and government procurement. The volume derives its content from papers on the theme of public-private partnerships discussed at the second Mediterranean Development Forum (MDF2) held in Marrackech, Morocco on September 3-6, 1998. The papers presented here are intended to contribute to the ongoing debate on the development opportunities and challenges facing the countries in the Middle East and North Africa.


Book Synopsis Partners for Development by : Samiha Fawzy

Download or read book Partners for Development written by Samiha Fawzy and published by World Bank Publications. This book was released on 1999-01-01 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: ¿¿the world is changing and so should the region. After decades of state domination of economic activity, many governments around the world are relying increasingly on the private sector to foster economic growth.¿ There is a growing consensus that the time has come for governments and private sector leaders of the Middle East and North Africa to forge a new partnership for development. However, the question is: what kind of partnership should the two parties seek in order to ensure sustainable economic development? This volume attempts to address this question. To make the investigation tractable, the papers deal with four key facets of the government-private sector interface: the business environment, privatization, infrastructure, and two activities that induce transaction costs, tax administration and government procurement. The volume derives its content from papers on the theme of public-private partnerships discussed at the second Mediterranean Development Forum (MDF2) held in Marrackech, Morocco on September 3-6, 1998. The papers presented here are intended to contribute to the ongoing debate on the development opportunities and challenges facing the countries in the Middle East and North Africa.