In yet another step towards the formal revival of the International Monetary Fund (IMF) loan programme, the government is set to introduce in parliament a fresh bill for the restructuring, liquidation and privatisation of state-owned entities (SOEs).
The government has finalised the draft SOE Bill with the close coordination of the IMF, Asian Development Bank (ADB) and the World Bank to ensure better management of the SOE portfolio.
As part of the process, the government last week finalised a triage of 84 out of a total of 212 SOEs that would be prepared in the first phase of restructuring for ultimate privatisation, liquidation or retention in the public sector to meet a structural benchmark of the IMF.