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State-Owned Economic Enterprise Reform in Myanmar: The Case of Natural Resource Enterprises

Report
10 July 2018
Download
State Owned Economic Enterprise Reform in Myanmar (PDF 13.08 MB)
State Owned Economic Enterprise Reform in Myanmar (Myanmar language) (PDF 12.11 MB)
State Owned Economic Enterprise Reform in Myanmar Summary (PDF 1021.11 KB)
State Owned Economic Enterprise Reform in Myanmar Summary (Myanmar language) (PDF 924.34 KB)
State Owned Economic Enterprise Reform in Myanmar Policy Options (PDF 7.37 MB)
State Owned Economic Enterprise Reform in Myanmar Policy Options (Myanmar language) (PDF 1.37 MB)
Topics
Contract transparency and monitoringLegislation and regulationLicensing and negotiationMeasurement of governanceRevenue managementState-owned enterprisesTax policy and revenue collection
Countries
Myanmar
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Civil society actorsGovernment officialsJournalists and mediaParliaments and political parties
Precepts
P1 P2 P3 P4 P6 P7 P9 What are Natural Resource Charter precepts?
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More content in
English, မြန်မာ / Myanmar
State-owned enterprises play a dominant role in Myanmar’s economy. Collectively, they generate about half the government’s revenue, spend half the government’s budget, and regulate much of the formal economy. The natural resource state-owned enterprises—namely the Myanmar Oil and Gas Enterprise (MOGE), Myanmar Gems Enterprise (MGE) and Myanmar Timber Enterprise (MTE)—are some of the largest and most powerful of these entities. Yet they remain black boxes.
 
This report by the Natural Resource Governance Institute and the Renaissance Institute sheds light on the finances, operations and governance of Myanmar’s natural resource state-owned enterprises. It identifies four sets of issues: (1) The legal framework governing state-owned enterprises treats regulatory bodies, tax collectors, commercial entities and public service entities in the same manner; (2) Ministry of Planning and Finance rules allow for enterprises to retain too much cash; (3) Cash savings represent a large misallocation of resources and are managed opaquely; and (4) Enterprise balance sheets are artificially inflated due to their tax collecting roles. The report finds that the commercial activities of natural resource enterprises have remained inefficient and unprofitable, despite 25 years of attempted reforms.
 
The report benchmarks MOGE and MGE performance against global standards and peer companies. It then suggests a comprehensive state-owned enterprise reform agenda, including new legislation, enhanced oversight systems, better planning and more transparency by the enterprises, and new cash management rules.
 

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  • Topics
    Beneficial ownership
    Civic space
    Commodity prices
    Contract transparency and monitoring
    Coronavirus
    Corruption
    Economic diversification
    Energy transition
    Gender
    Global initiatives
    Legislation and regulation
    Licensing and negotiation
    Mandatory payment disclosure
    Measurement of environmental and social impacts
    Measurement of governance
    Open data
    Revenue management
    Revenue sharing
    Sovereign wealth funds
    State-owned enterprises
    Subnational governance
    Tax policy and revenue collection
  • Approach
    • Stakeholders
    • Natural Resource Charter
    • Regional knowledge hubs
  • Priority
    Countries
    • Colombia
    • Dem. Rep. of Congo
    • Ghana
    • Guinea
    • Mexico
    • Mongolia
    • Nigeria
    • Peru
    • Senegal
    • Tanzania
    • Tunisia
    • Uganda
  • Learning
    • Training
    • Primers
  • Analysis & Tools
    • Publications
    • Tools
    • Economic models
  • About Us
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    • NRGI impact
    • Board of Directors
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