PUBLIC ENT. T.A.

closed

The Public Enterprise Project seeks to provide the institutional support to implement the state-owned enterprise (SOE) reforms under the Government's structural adjustment program. The project involves several objectives including: strengthening the State Enterprises Commission (SEC) to manage the SOE reform program and monitor and evaluate SOE performance; improving management and performance in priority SOEs; training and the introduction of performance agreements; and reducing the burden of the sector on Government through divestiture. To that end, the project aims to provide sector-wide assistance for: (i) strengthening the SEC to manage the reform program, design and implementation of a performance monitoring system including performance agreements; and (ii) advisory/consulting services for implementing the first phase of the divestiture program. In addition, the project aims to finance a SOE Restructuring Fund to provide assistance to selected SOEs for audits and corporate plans to identify restructuring measures required to achieve financial viability, and to implement operational and managerial improvements.