6 November 2013

PSDI's Laure Darcy talks about State-Owned Enterprise reform in Vanuatu

VANUATU's Council of Ministers has approved a new policy on State Owned Enterprises. Laure Darcy, PSDI's lead specialist on State Owned Enterprises reform, is interviewed by ABC Radio Australia's Pacific Beat program:
"The policy is designed to improve transparency and accountability of SOEs. The Asian Development Bank, which supported the development of the new policy, says SOEs absorb large amounts of government capital and provide very low returns, diverting government resources away from vital social investments in health and education, and driving-up the costs of doing business where they are the sole service providers."
Listen here.