Democratic Republic of Congo : Reforming Public Enterprises through Improved Governance

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dc.creatorWorld Bank
dc.date2013-07-31T21:42:43Z
dc.date2013-07-31T21:42:43Z
dc.date2004-03-10
dc.date.accessioned2026-07-01T01:19:34Z
dc.descriptionThe Democratic Republic of Congo (DRC) is endowed with natural resources, in particular for mineral development, and its large agricultural potential is still untapped, having also a considerable percentage of the world's hydroelectric potential. Yet DRC's socioeconomic indicators place the country as among the most deprived in the world. This study first reviews the country's agriculture and infrastructure sectors, to set the grounds for an inclusive private sector. It specifies the private sector has been crowded by the public enterprises taking over the economy, public enterprises which have developed outside their core business, in unrelated activities. These public enterprises are virtually bankrupt with inefficient and loss generating processes, imposing significant fiscal pressures on the state. On reviewing the political transition, the liberalization and stabilization of the economy, as well as restoration of the basis for economic growth, has proved a far-reaching program. Economic, and structural reforms included the areas of trade and prices, financial and business environment, as well as public enterprise reform. The Congolese context, with its history of mismanagement of the public enterprises, and lack of regulatory framework, requires improved governance and performance of companies. In the context of a strategy, public enterprise reform is being implemented within new sectoral policies, through a decision-making process supported by trade unions and independent third parties. These actions should lead to adopting restructuring, and divesting strategies.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2004/03/3051512/congo-democratic-republic-reforming-public-enterprises-through-improved-governance
dc.identifierhttps://hdl.handle.net/10986/14715
dc.identifierhttps://doi.org/10.1596/14715
dc.identifier.urihttp://hdl.handle.net/123456789/417071
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectBUSINESS ENVIRONMENT
dc.subjectPUBLIC ENTERPRISES
dc.subjectSECTORAL ASSESSMENT
dc.subjectTRANSITIONAL ECONOMY
dc.subjectPOLITICAL FACTORS
dc.subjectLIBERALIZATION
dc.subjectECONOMIC STABILIZATION
dc.subjectECONOMIC REFORM
dc.subjectSTRUCTURAL ADJUSTMENT
dc.subjectTRADE DEVELOPMENT
dc.subjectPRICE POLICY
dc.subjectFINANCIAL ADMINISTRATION
dc.subjectFISCAL PRESSURES
dc.subjectREGULATORY FRAMEWORK
dc.subjectGOVERNANCE APPROACH
dc.subjectPERFORMANCE INDICATORS
dc.subjectPOLICY FRAMEWORK
dc.subjectTRADE UNION STRATEGIES
dc.subjectTHIRD PARTIES
dc.subjectENTERPRISE RESTRUCTURING
dc.subjectDIVESTMENT POLICY
dc.titleDemocratic Republic of Congo : Reforming Public Enterprises through Improved Governance

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