Description

The purpose of this study is to review the progress of SOE reform in Fiji, the Marshall Islands, Samoa, Solomon Islands, and Tonga, to demonstrate the benefits of reform, and to identify successful reform strategies to inform future policy action. This study looks at the process of reform in the five countries, identifies what has or has not worked well, and highlights the key elements of successful action. While the primary focus is on the comparative financial performance of the five SOE portfolios, the study also looks at the empowering legislation, the monitoring framework, governance arrangements, and the extent and nature of parliamentary oversight. These factors all have an impact on the performance of the SOEs.

Contents

• Volume 1
  • Foreword
  • Executive Summary
  • Introduction
  • SOEs in Pacific Island Economies: Role and Impact
  • Comparative Financial Performance of the SOE Portfolios
  • Sector Focus: Comparative Performance of Water and Port SOEs
  • SOE Reform in the Pacific: Progress and Lessons
  • Commercialization Delivers Results
  • SOE Reform: Common Myths
  • Conclusions
  • Appendixes
• Volume 2
  • Executive Summary
  • Introduction
  • The Legal Framework of State-Owned Enterprises
  • The Monitoring Frameworks of State-Owned Enterprises
  • The Governance Frameworks of State-Owned Enterprises
  • Summary of Recommendations
  • Appendixes