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Kenya - Parastatal Reform and Privatization Technical Assistance Project (English)

The main objective of the project is to support the government's parastatal reform program by providing the technical, financial and institutional assistance required to improve resource allocation and increase production efficiency. The project comprises the following two components. The privatization/divestiture component will finance and mobilize the necessary expertise to: (a) strengthen the Economic Secretariat and Technical Unit, the entity charged with implementing the government's privatization program; (b) privatize, or bring to the point of sale, at least 20 public enterprises (PEs) and liquidate a number of nonviable PEs; (c) support the further development of the Capital Market Authority and the Nairobi Stock Exchange; and (d) implement special studies, training, and investment promotion activities. The PE reform component will finance technical assistance to: (a) strengthen the Department of Government Investment and Public Enterprises, (DGIPE) the entity charged with taking the lead role in the reform of public enterprises to be retained in the public sector; (b) restructure five large PEs; (c) design and administer a safety net for retrenched workers; (d) help DGIPE implement sector wide reforms in the areas of corporate planning, performance monitoring, and changes to the policy framework; and (e) carry out complementary reforms in various offices.

Details

  • Document Date

    1992/11/09

  • Document Type

    Memorandum & Recommendation of the President

  • Report Number

    P5832

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Kenya,

  • Region

    Africa,

  • Disclosure Date

    2013/01/10

  • Disclosure Status

    Disclosed

  • Doc Name

    Kenya - Parastatal Reform and Privatization Technical Assistance Project

  • Keywords

    efficiency of the public sector;women in development;per capita growth rate;Efficiency of Public Expenditures;economic and sector work;access to medical service;Primary and Secondary Education;deteriorating terms of trade;efficiency of public spending;civil service wage bill;civil service reform program;capital market authority;civil service reform effort;flexible exchange rate policy;large number of women;national environmental action plan;legal and regulatory framework;external current account deficit;parastatal sector;corporate governance system;public investment program;public sector employment;balance of payment;external debt service;safety net design;water supply scheme;improving resource allocation;development finance institution;family planning program;bankruptcy and liquidation;access to land;human resource development;debt service ratio;foreign exchange retention;Private Sector Growth;misallocation of resources;country assistance strategy;Country Assistance Strategies;impact of adjustment;living in poverty;resource allocation decision;terms of education;health and nutrition;public health problem;per capita income;composition of expenditure;public service regulation;impact of policy;public enterprise sector;human resource policy;human resource policies;Public Enterprise Reform;Promoting Private Sector;population growth rate;rural water supply;net bank;average exchange rate;high oil price;fiscal deficit target;treatment of business;Exchange rate policies;Objectives and Outcomes;primarily due;import license system;method of procurement;foreign exchange bearer;quality and relevance;company tax rate;dry season water;Access to Education;total factor productivity;export processing zone;country economic memorandum;restrictions on imports;open market operation;lack of commitment;human resource issues;investment policy statement;public debt service;official exchange rate;number of candidates;recruitment of teacher;process of reform;adjustment operation;budget deficit;parastatal reform;fiscal discipline;population pressure;adjustment program;Macroeconomic Management;sectoral reform;economic efficiency;public university;Financial Sector;adjustment lending;adjustment effort;ensuring transparency;regulatory body;resource sector;Regulatory Bodies;technical expertise;private investment;budgetary process;fiscal data;credit effectiveness;adjustment credit;foreign costs;movement control;macroeconomic framework;tranche release;Macroeconomic Policy;sector adjustment;restructuring plan;productive employment;trading partner;state corporations;wage increase;input supply;industrial incentive;external financing;monitoring process;domestic financing;reducing inflation;output growth;meat price;monetary stance;agricultural service;external deficit;overdraft facility;export competitiveness;formal sector;high inflation;direct participation;prudential regulation;production efficiency;government contribution;market signal;institution strengthening;liberalization policy;efficiency gain;rent seeking;business cost;government regulation;external payment;net worth;investment opportunities;productive efficiency;privatization procedure;preferential treatment;Direct Subsidies;direct subsidy;administrative arrangement;social effect;transparent implementation;reform actions;marketing campaign;complementary policies;private investor;displaced labor;transitional costs;government involvement;financial discipline;privatization program;market liberalization;transparent process;project costing;political interference;financial planning;competitive environment;stock exchange;partial privatization;business practice;market force;commercial activity;regulatory environment;donor meeting;policy on performance;political reform;social infrastructure;working relationship;competition policy;market mechanism;regulatory institution;productive activity;productive sector;productive capacity;government control;modern sector;fiscal prudence;Job Creation;Business Registration

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Citation

Kenya - Parastatal Reform and Privatization Technical Assistance Project (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/853451468276900321/Kenya-Parastatal-Reform-and-Privatization-Technical-Assistance-Project