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State-Owned Enterprises in Bosnia and Herzegovina: Assessing Performance and Oversight

Author

Listed:
  • Bobana Cegar
  • Mr. Francisco J Parodi

Abstract

Based on a new database of State-Owned Enterprise (SOE) financial statements, we find that SOEs in Bosnia and Herzegovina are mostly in poor financial shape. We estimate the overall size and composition of the SOE sector, and identify individual companies that affect fiscal and macroeconomic performance. Financial analysis suggests that SOEs are not contributing enough to the economy. We also review the SOE governance framework and find that governments do not exercise their ownership function in line with WB/OECD guidelines. Reforms to the governance frameworks are necessary to foster transparency and improve accountability. More fundamental reform of the SOE sector might increase overall GDP by 3 percent per year.

Suggested Citation

  • Bobana Cegar & Mr. Francisco J Parodi, 2019. "State-Owned Enterprises in Bosnia and Herzegovina: Assessing Performance and Oversight," IMF Working Papers 2019/201, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:2019/201
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    References listed on IDEAS

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    1. Mr. Richard I Allen & Mr. Miguel A Alves, 2016. "How to Improve the Financial Oversight of Public Corporations," IMF Fiscal Affairs Department 2016/005, International Monetary Fund.
    2. Richard I Allen & Miguel A Alves, 2016. "How to Improve the Financial Oversight of Public Corporations," IMF Fiscal Affairs Department 16/05, International Monetary Fund.
    3. World Bank & International Monetary Fund, 2015. "Bosnia and Herzegovina," World Bank Publications - Reports 22370, The World Bank Group.
    4. World Bank & International Monetary Fund, 2015. "Bosnia and Herzegovina," World Bank Publications - Reports 22369, The World Bank Group.
    5. Uwe Böwer, 2017. "State-Owned Enterprises in Emerging Europe: The Good, the Bad, and the Ugly," IMF Working Papers 2017/221, International Monetary Fund.
    6. Gabriel Di Bella & Oksana Dynnikova & Mr. Slavi T Slavov, 2019. "The Russian State’s Size and its Footprint: Have They Increased?," IMF Working Papers 2019/053, International Monetary Fund.
    7. World Bank & International Monetary Fund, 2015. "Bosnia and Herzegovina," World Bank Publications - Reports 22372, The World Bank Group.
    8. World Bank & International Monetary Fund, 2015. "Bosnia and Herzegovina," World Bank Publications - Reports 22371, The World Bank Group.
    9. World Bank & International Monetary Fund, 2015. "Bosnia and Herzegovina," World Bank Publications - Reports 22374, The World Bank Group.
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    Cited by:

    1. World Bank, 2019. "Bosnia and Herzegovina Growth and Jobs," World Bank Publications - Reports 33834, The World Bank Group.

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