2 August 2011

Forum Economic Ministers commit to SOE action

The 2011 Forum Economic Ministers Meeting (FEMM), held 20-21 July 2011 in Samoa, outlined a number of points related to the reform of State Owned Enterprises (SOEs) in the 2011 action plan. The relevant points are reproduced below:
 6. Ministers remain committed to national and regional actions to generate growth to improve the well-being of their people. They acknowledged that reform is an ongoing process and recalled the actions agreed to at their last meeting as essential for Forum Island Countries’ efforts to expand the economic base:

  • reforming the governance of State Owned Enterprises (SOEs) based on commercial principles, to improve service delivery, ensure effective regulation and monitoring, and release resources for other priorities.

 7. Ministers further agreed to continue to pursue the following measures:  

  • to reform the public sector including the SOEs.

 8. Ministers recognised that while reforms are essential to broadening the economic base, they need to frame a package of supportive policies to:

  •  build capacity and governance in SOEs and key public institutions. 

The full document can be viewed at http://forum.forumsec.org/pages.cfm/newsroom/press-statements/2011/2011-femm-outcomes.html