Ukraine: Technical Assistance Report-Reforming Management and Oversight of State Assets

February 8, 2016

Preview Citation

Format: Chicago

Ukraine: Technical Assistance Report-Reforming Management and Oversight of State Assets, (USA: International Monetary Fund, 2016) accessed November 22, 2024

Summary

This paper discusses various public finance management reforms required for state-owned enterprises (SOEs), which is high priority of the government. High levels of direct and indirect state support are adding to the significant risks emanating from the SOE sector, a problem that is being exacerbated by the severe economic situation. There is a need to establish proper corporate governance arrangements through improving performance management frameworks and making SEOs accountable for poor performance, and reinforcing financial and fiscal discipline. Establishing independent Boards of Directors to perform stewardship and oversight function for public sector entities and improving transparency and reporting to the parliament and general public should form the cornerstone of the reform strategy for all SEOs.

Subject: Budget planning and preparation, Economic sectors, Financial statements, Fiscal risks, Public enterprises, Public financial management (PFM), Public sector

Keywords: Below-the-line government recapitalization, Budget planning and preparation, Corporate governance, CR, Europe, Financial statements, Fiscal risks, Global, Holding company, ISCR, Joint stock, Management system, Public enterprises, Public sector, Risk assessment, SOE sector, State assets

Publication Details

Pages:

69
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/031
Stock No:

1UKREA2016003
ISBN:

9781513501444
ISSN:

1934-7685

Notes

Also Available in Ukrainian

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