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Governance, performance, and the vest reform practices in state-owned enterprises in Latin America and the Caribbean and Korea

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  • Governance, performance, and the vest reform practices in state-owned enterprises in Latin America and the Caribbean and Korea
  • CHO,BONG-HWAN
  • Inter-American Development Bank


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Title Governance, performance, and the vest reform practices in state-owned enterprises in Latin America and the Caribbean and Korea
Similar Titles
Material Type Proceedings
Author(English)

CHO,BONG-HWAN

Publisher

[Washington, D.C] : Inter-American Development Bank

Date 2015-08
Event

International Symposiun

Pages 96
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Entrepreneurship
Government and Law < Governance
Holding IDB
License

Abstract

Over the last decade, several countries in the Latin American and the Caribbean (LAC) region have strengthened the management of their state-owned enterprises (SOEs) through a process of reforms. SOEs are productive businesses typically directed by national governments because they have monopolistic tendencies and work in sectors such as energy, transportation, or telecommunications. These industries provide vital services to citizens of their countries. The objective of the recent reforms was to increase their contribution to their local economy by improving performance, increasing transparency of operations, and expanding accountability to citizens. In this context, the Republic of Korea’s Ministry of Strategy and Finance (MoSF) and the InterAmerican Development Bank (IDB), organized several international forums to discuss the policies and reforms of SOEs. The first was celebrated at IDB headquarters in Washington, DC, and the second in Lima, Peru, in December 2012. A third event was hosted by the Republic of Korea in November 2013 in order to discuss management issues. This document reports the proceedings of that event.