SOE & SOC laws, with related templates of articles of organization, and other relevant PFM legislation (e.g. the Public Finance and Expenditure Management Law) to be reviewed against international best practice by the IMF staff, with the support of the World Bank staff, to strengthen fiscal risk oversight over SOEs/SOCs, by providing the legal basis for a fiscal oversight mandate of the MoF, and strengthen corporate governance of public corporations. Submit to parliament proposed amendments to the SOE and SOC laws and to Cabinet their templates of articles of organization, that address the shortcomings identified by the review.
Rationale: improve fiscal risk oversight and corporate governance of SOEs/SOCs.