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Europe > Norway

You are looking at 1 - 4 of 4 items for :

  • Type: Journal Issue x
  • Corporate Finance and Governance: Government Policy and Regulation x
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Cover Technical Assistance Reports
Republic of Armenia: Technical Assistance Report-Strengthening State-Owned Enterprises Accountability Framework
International Monetary Fund. Fiscal Affairs Dept.
Over the past decades the Republic of Armenia has implemented significant reforms to reduce the state footprint in their economy and to improve the performance of the State Owned Enterprises (SOEs) where the Government intends to retain ownership. The Government has taken concrete steps focusing on improving the financial transparency and fiscal viability of SOEs. This report discusses how the Government can further strengthen the SOE financial accountability, transparency and oversight, and SOEs corporate governance in line with good international practices. These measures should be combined with further efforts in reducing the number of SOEs, focusing on those that do not align with the Government strategic priorities and the state ownership policy.
Keywords:
CD; Republic of Armenia; State-Owned Enterprises; Oversight; Corporate Governance; Accountability; Transparency.; state-owned enterprises accountability framework; I. SOE landscape; IMF resident Representative; IMF's Fiscal Affairs Department; Armenia's SOE portfolio; Public enterprises; Fiscal risks; Financial statements; Middle East and Central Asia; Global; Middle East; North Africa; Central Asia; Asia and Pacific
Cover Recurring Issues from a Decade of Evaluation
Recurring Issues from a Decade of Evaluation
Lessons for the IMF
International Monetary Fund. Independent Evaluation Office

Abstract

This report seeks to help the IMF enhance its effectiveness by identifying major recurring issues from the IEO’s first 20 evaluations and assessing where they stand. The IMF’s core areas of responsibility are surveillance, lending, and capacity development. The aim of this report is to strengthen the follow-up process by focusing on key issues that recurred in IEO evaluations, rather than on specific recommendations on their implementation. The IEO believes that a framework of reviewing and monitoring recurring issues would be useful in establishing incentives for progress, strengthening the Board’s oversight, and providing learning opportunities for the IMF.

Keywords:
IEOR; IEO; evaluation; IEO recommendation; IEO evaluation; IEO report; IMF staff judge; evaluation team; Financial sector; Financial Sector Assessment Program; Trade policy; Emerging and frontier financial markets; Global; Internal audit; Corporate governance; Crisis management
Cover IMF Working Papers
Corporate Governance Reforms in the EU: Do They Matter and How?
Mr. Iryna V. Ivaschenko
and
Ms. Petya Koeva Brooks
This paper proposes a new approach to quantifying the effects of corporate governance reforms, by focusing on the dynamics of the voting premiums, a measure of the private benefits of control in a corporation. The results indicate that the reforms have been successful in reducing the voting premiums EU-wide. Moreover, more intense and broad reform efforts (such as introducing national reforms beyond and above the EU-wide initiatives) bring higher and longer lasting benefits. Our findings also suggest that the market for corporate control in Europe has become more integrated, as illustrated by the lower dispersion in voting premiums across countries and over time.
Keywords:
WP; shareholder; company; shareholder empowerment
Cover Policy Papers
Sovereign Wealth Funds - A Work Agenda
International Monetary Fund
Sovereign Wealth Funds (SWFs) are becoming increasingly important in the international monetary and financial system, attracting growing attention. SWFs are government-owned investment funds, set up for a variety of macroeconomic purposes. They are commonly funded by the transfer of foreign exchange assets that are invested long term, overseas. SWFs are not new, and some of the longer-established funds—for example those of Kuwait, Abu Dhabi, and Singapore—have existed for decades. However, high oil prices, financial globalization, and sustained, large global imbalances have resulted in the rapid accumulation of foreign assets particularly by oil exporters and several Asian countries. As a result, the number and size of SWFs are rising fast and their presence in international capital markets is becoming more prominent.
Keywords:
PP; investment funds; stabilization fund; government ownership; SWF government; fiscal policy; foreign exchange; Investment behavior; SWF investment; SWFs need; SWF portfolio; private equity; Hedge funds; Capital flows; Reserve assets; Corporate governance; Global; Middle East