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dc.titleSmoldering Embers: Do State-Owned Enterprises Threaten Fiscal Stability in the Caribbean?
dc.contributor.authorReyes-Tagle, Gerardo
dc.contributor.authorMusacchio, Aldo
dc.contributor.authorHosein, Roger
dc.contributor.authorWagner, Rodrigo
dc.contributor.authorPan, Carolina
dc.contributor.authorYu, Fernando
dc.contributor.authorPark, Yery
dc.contributor.authorGookool, Rebeca
dc.contributor.authorEscobar, Bernardita
dc.contributor.authorLa Cruz, Tamira
dc.contributor.authorAraya, Sergio
dc.contributor.authorFigueroa, Camila
dc.contributor.authorRosso, Lucas
dc.contributor.editorReyes-Tagle, Gerardo
dc.contributor.editorMusacchio, Aldo
dc.contributor.editorPan, Carolina
dc.contributor.editorPark, Yery
dc.contributor.orgunitFiscal Management Division
dc.coverageTrinidad and Tobago
dc.coverageJamaica
dc.coverageGuyana
dc.coverageBahamas
dc.coverageBarbados
dc.coverageSuriname
dc.coverageLatin America and the Caribbean
dc.coverageThe Caribbean
dc.date.available2022-02-11T00:02:00
dc.date.issue2022-02-11T00:02:00
dc.description.abstractThis 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.
dc.format.extent321
dc.identifier.doihttp://dx.doi.org/10.18235/0004001
dc.identifier.isbn9781597824576
dc.identifier.isbn9781597824569
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Smoldering-Embers-Do-State-Owned-Enterprises-Threaten-Fiscal-Stability-in-the-Caribbean.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectFiscal Policy
dc.subjectCorporate Governance
dc.subjectEconomic Development
dc.subjectEconomy
dc.subjectState-Owned Enterprise
dc.subjectGross Domestic Product
dc.subjectEconomic Impact
dc.subject.jelcodeH32 - Firm
dc.subject.jelcodeH83 - Public Administration • Public Sector Accounting and Audits
dc.subject.jelcodeL32 - Public Enterprises • Public-Private Enterprises
dc.subject.jelcodeO43 - Institutions and Growth
dc.subject.keywordsstate-owned enterprises;SOE;fiscal stability;macro and fiscal risk of SOEs;SOE performance;SOE reform;SOEs in the Caribbean
dc.typeBooks
idb.identifier.pubnumberIDB-BK-00234
idb.operationRG-T3233
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