Ernesto Ramirez Rigo, Christine J. Richmond, Oluremi Akin Olugbade, G. Anderson, Maria Atamanchuk, H. Bukhari, I. Ioannou, Deeksha Kale, Tannous Kass-Hanna, Maximilien Queyranne, Wei Shi, J. Wong
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State-Owned Enterprises in Middle East, North Africa, and Central Asia: Size, Costs, and Challenges
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.
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