State-Owned Enterprises in Bosnia and Herzegovina: Assessing Performance and Oversight

Author/Editor:

Bobana Cegar ; Francisco J Parodi

Publication Date:

September 20, 2019

Electronic Access:

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Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary:

Based on a new database of State-Owned Enterprise (SOE) financial statements, we find that SOEs in Bosnia and Herzegovina are mostly in poor financial shape. We estimate the overall size and composition of the SOE sector, and identify individual companies that affect fiscal and macroeconomic performance. Financial analysis suggests that SOEs are not contributing enough to the economy. We also review the SOE governance framework and find that governments do not exercise their ownership function in line with WB/OECD guidelines. Reforms to the governance frameworks are necessary to foster transparency and improve accountability. More fundamental reform of the SOE sector might increase overall GDP by 3 percent per year.

Series:

Working Paper No. 19/201

Subject:

Notes:

Also available in Bosnian.

English

Publication Date:

September 20, 2019

ISBN/ISSN:

9781513512181/1018-5941

Stock No:

WPIEA2019201

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

43

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