Continued efforts are needed to further reforms of state-owned enterprises (SOEs) across the Pacific, according to an Asian Development Bank (ADB) report launched in Port Moresby.
Benchmarking the Performance of State-owned Enterprises compares the financial performance of SOEs including Solomon Islands.
The report finds SOE portfolios in the eight Pacific countries examined contributed between 1.8 percent to 12 percent of the gross domestic product, despite very large asset bases, ongoing government cash transfers, and monopoly market positions.
