Peru - The management and sale of state owned enterprises
Kravis, Irving B. | Kenessey, Zoltan | Heston, Alan | Summers, Robert | EXT
This report examines the present role of state-owned enterprises in Peru, assesses their performance and identifies key macro and micro problems that affect these companies. Parastatal companies dominate certain sectors of Peru's economy, notably the production of electricity, gas, water, fertilizers, iron and steel, pulp and paper, fish products, petroleum and cement, rail transport, and telecommunications. They also control much of the country's mining, commerce, and financial sectors. Analysis of a sample of 20 of these firms identifies three categories of problems: (i) those related to Central Government control; (ii) those of relations between state-owned enterprises; and (iii) those specific to a firm. In order for the system to function efficiently, the problems in these categories would have to be resolved. Recommendations for improved management include specific suggestions for improving the environment and for improving the operations. In addition, since the government plans to sell or otherwise transfer a number of these enterprises, an appropriate selling strategy is outlined.
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