The Ministry of Investment aims to improve the economic efficiency of Public Enterprises, maximizing their investments, and increasing their contribution to the national economy. To achieve such goal, an integrated program for public enterprises' asset management was adopted. This program is based upon three key principles:
- Implementing public enterprise restructuring programs.
- Increasing the private sector's participation in public enterprises ownership and
shares in joint ventures.
- Developing the management of public enterprises according to the principles
of corporate governance and social responsibility.
Over the past five years, the public enterprises' asset management program has achieved
an improvement in the financial performance of the companies. In spite of the global
financial crisis, these companies have managed to turn their net losses into net
gains and increase their investments. The value of public enterprise net equity
shifted from negative to positive. In addition, the program has allowed for a radical
decline in historical bad debts of public enterprises to public banks.
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