– This article is provided for Educational Purposes only – World Bank Group state-owned enterprise (SOE) engagements in the 1980s stressed improving operational and financial performance by rationalizing the policy framework, improving governments’ management of their portfolios, reducing SOE fiscal expenditures and improving their revenues, and assisting SOEs to improve their financial and operational performance.…

– This article is provided for Educational Purposes only – In a stratified sample of 29 joint International Monetary Fund–World Bank Financial Sector Assessment Program (FSAP) reports, the Independent Evaluation Group found that 76 percent substantially discussed state-owned financial institutions and 66 percent made recommendations. Two-thirds focused on commercial banks, 24 percent on development banks, and 28 percent on…

– This article is provided for Educational Purposes only – Agency view:  There is a discrepancy between the objectives of managers (the agents) and of owners (the principals). Although governments may seek to maximize social welfare, their agents may lack the incentive to maximize the use of resources toward this end. Social view:  Governments create state-owned…

– This article is provided For Educational Purposes only – State-owned enterprises (SOEs) are an inviting channel for government responses to economic crises and natural disasters, given the degree of direct government control. The Independent Evaluation Group found such responses in the portfolio—for example, responding to the 2008 global financial crisis in part by using…