Smoldering Embers: Do State-Owned Enterprises Threaten Fiscal Stability in the Caribbean?

Gerardo Reyes-Tagle, Aldo Musacchio, Roger Hosein, Rodrigo Wagner, Carolina Pan, Fernando Yu, Yery Park, Rebeca Gookool, Bernardita Escobar, Tamira La Cruz, Sergio Araya, Camila Figueroa and Lucas Rosso

No 11972 in IDB Publications (Books) from Inter-American Development Bank

Abstract: This book examines the role of state-owned enterprises (SOEs) in contributing to the fiscal instability of the Bahamas, Barbados, Guyana, Jamaica, Suriname, and Trinidad and Tobago (CCB6), with the aim of providing tangible guidance for policymakers seeking to address this issue. Using an original dataset of SOE performance in the Caribbean, the contributors focus on the fiscal implications of unchecked growth, poor oversight, and mismanagement of SOEs, with particular focus on commercial SOEs. The authors examine the historical, economic, and socio-political context of SOEs in the CCB6 and stress the need for simultaneous fiscal reform both at the federal and firm levels. The authors analyze the SOE sectors growth and performance to date, revealing entrenched challenges, specifically around incentives and accountability. The recommendations propose adaptations of accepted international best practices and lay out long-term objectives and the more feasible points of entry for fiscal reform.

Keywords: state-owned enterprises; SOE; fiscal stability; macro and fiscal risk of SOEs; SOE performance; SOE reform; SOEs in the Caribbean (search for similar items in EconPapers)
JEL-codes: H32 H83 L32 O43 (search for similar items in EconPapers)
Date: 2022
ISBN: 9781597824576
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:idb:idbbks:11972

DOI: 10.18235/0004001

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