Displaying items by tag: SOEs

Argentina has recently hosted a meeting of the G20 anti-corruption group, with national delegations and international organisations seeking to address the best ways of curtailing corruption and promoting integrity in state-owned enterprises (SOEs). Controlled by national governments, SOEs rank among the largest companies in the world and are often some of the biggest employers in their country. They are central to the daily lives of citizens, providing critical goods and public services in sectors such as transport, utilities, health and telecommunications. When they indulge in corruption and malpractice, citizens feel the impact: trains are delayed, households go without power or water, and the sick are deprived of essential medical treatment. SOEs are particularly vulnerable to corruption because of their closeness to politicians and public officials, and the scale of resources, contracts and operations they control.