Kyrgyz Republic: Integrated State-Owned Enterprises Framework Assessment
Notwithstanding its significant downsizing due to the country´s transition from a planned to a market economy, the public sector in Kyrgyz Republic still owns one hundred thirty-six SOEs, with the largest ones operating in strategic and economically important sectors. The main objective of this integrated state-owned enterprises framework assessment (iSOEF) is to analyze the economic and fiscal impact of the Kyrgyz state-owned enterprise (SOE) portfolio, and identify ways to strengthen its performance and corporate governance.
The Kyrgyz Republic: Integrated State-Owned Enterprises Framework Assessment (iSOEF): Report Presentation
On 10 February 2022, the SOE Technical Note – integrated SOE Framework (iSOEF) was presented in a virtual workshop to the Kyrgyz Government. Building on the initial workshop in 2020 and taking into account the Government’s comments, final iSOEF Assessment analyzes the impact of the Kyrgyz State-owned Enterprises (SOEs) on the economy, assesses fiscal costs and risks stemming from SOEs focusing on the energy sector, and analyzes corporate governance and financial reporting frameworks, practices applied by the Kyrgyz SOEs.