01842cas a2200253 a 4500 AALejournalIMF015879 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513512181 1018-5941 BD-DhAAL BD-DhAAL Cegar, Bobana. State-Owned Enterprises in Bosnia and Herzegovina : Assessing Performance and Oversight / Bobana Cegar, Francisco Parodi. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (43 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Parodi, Francisco. IMF Working Papers; Working Paper ; No. 2019/201 Full text available on IMF http://elibrary.imf.org/view/journals/001/2019/201/001.2019.issue-201-en.xml IMF e-Library