2022-12-15-亚开行-亚开行-释放印尼国有企业的经济和社会价值（英）_75页_1mb

Report Summary: Unlocking the Economic and Social Value of Indonesia’s State-Owned Enterprises

• Executive Summary: SOEs play a significant role in Indonesia's economy, contributing to both commercial activity and development policy. Reforms aim to enhance SOE governance, performance, and social impact to support post-pandemic recovery.

• SOE Governance: Indonesia’s SOE governance framework has evolved but falls short of international best practices. Challenges include fragmented oversight, limited MSOE capacity, and governance deficits in SOE subsidiaries.

• SOE Performance: SOE performance is mixed, with some SOEs being commercially strong while others face viability issues. SOEs involved in public service obligations (PSOs) often bear high costs, including subsidies and implicit guarantees.

• Reform Pillars:

  • Pillar 1 (MSOE): Strengthen governance standards, improve MSOE’s capacity, and enhance data practices.
  • Pillar 2 (SOE-Government Relations): Formalize coordination, restructure PSO compensation, and adopt incentive-compatible subsidies.
  • Pillar 3 (SOEs): Consolidate SOEs, encourage partial privatizations, and increase SOE autonomy.

• Conclusion: Strengthening SOE governance and performance is critical for economic recovery and sustainable development. Further reforms, building on ongoing efforts, are necessary to unlock SOEs’ full potential.