State-Owned Enterprises in Middle East, North Africa, and Central Asia: Size, Costs, and Challenges
Size, Costs, and Challenges
by Maria Atamanchuk, Oluremi Akin Olugbade, Joyce Wong, Wei Shi, Maximilien Queyranne, Tannous Kass-Hanna, Deeksha Kale, Iacovos Ioannou, Hatim Bukhari, Gareth Anderson, Christine J. Richmond, and Ernesto Ramirez Rigo
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Publication year: 2021
Cdn: $22.00; US: $15.00
Prior to the COVID-19 shock, the key challenge facing policymakers in the Middle East, North Africa, and Central Asia region was how to generate strong, sustainable, job-rich, inclusive growth. Post-COVID-19, this challenge has only grown given the additional reduction in fiscal space due to the crisis and the increased need to support the recovery. The sizable state-owned enterprise (SOE) footprint in the region, together with its cost to the government, call for revisiting the SOE sector to help open fiscal space and look for growth opportunities.