GCC shared experiences with colleagues from Laos.
On October 2, GCC representatives participated in a virtual meeting organized by the World Bank with representatives from the Ministry of Finance of Laos, a country located in Southeast Asia.
The purpose of the virtual meeting was to exchange best practices in the area of improving the governance of State-Owned Enterprises (SOEs).
The World Bank has been encouraging Laos for some time to undertake a reform of its SOE portfolio, so during the meeting, GCC representatives shared their experience with those working in the Ministry of Finance of Laos, discussing the successful SOE reform being carried out in our country, and presented the essential legal requirements and key tools that have proven effective in significantly contributing to professional SOE governance.
The Lao representatives were particularly interested in the progress made in Lithuania in the context of SOE reform, especially in the reorganization of forestry enterprises. They also showed interest in the development and implementation of performance measurement indicators.
‘We are immensely grateful to the World Bank for the invitation to share best practices with foreign colleagues. It is gratifying that Lithuania is seen as a good example when it comes to efforts to improve SOE governance in other countries. We hope that the knowledge shared by GCC will contribute to positive changes in Laos’ SOE sector,’ said GCC Director V. Danielius.
