Anonymous
May 14
Explain the purpose of parastal institutions in the provision of public services and also write references in your work?
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May 14
Parastatal institutions are government-owned or controlled entities that operate in various sectors to provide public services. These institutions are established to fulfill specific objectives such as promoting economic development, providing essential services, or regulating certain industries.
The purpose of parastatal institutions in the provision of public services is to ensure that essential services are delivered efficiently and effectively to the public. These institutions often have a mandate to provide services that may not be profitable for private companies to deliver, or that require government intervention to ensure equitable access for all citizens.
Parastatal institutions can also play a role in promoting competition, regulating industries, and fostering innovation in sectors that are critical for the overall development of the economy. By operating under government control, these institutions can be held accountable for their performance and ensure that public resources are used effectively to meet the needs of the population.
References:
1. World Bank. (2018). Parastatal Reform: Concepts, Lessons, and Challenges. Retrieved from: https://openknowledge.worldbank.org/handle/10986/30411
2. United Nations. (2015). Public-Private Partnerships and Parastatal Reform in Africa. Retrieved from: https://www.un.org/africarenewal/magazine/december-2015/public-private-partnerships-and-parastatal-reform-africa
3. Mwenda, K. (2017). Parastatal Reform in Africa: Lessons from Tanzania. African Development Bank Group. Retrieved from: https://www.afdb.org/en/blogs/afdb-championing-inclusive-growth-across-africa/post/parastatal-reform-in-africa-lessons-from-tanzania-17171/
The purpose of parastatal institutions in the provision of public services is to ensure that essential services are delivered efficiently and effectively to the public. These institutions often have a mandate to provide services that may not be profitable for private companies to deliver, or that require government intervention to ensure equitable access for all citizens.
Parastatal institutions can also play a role in promoting competition, regulating industries, and fostering innovation in sectors that are critical for the overall development of the economy. By operating under government control, these institutions can be held accountable for their performance and ensure that public resources are used effectively to meet the needs of the population.
References:
1. World Bank. (2018). Parastatal Reform: Concepts, Lessons, and Challenges. Retrieved from: https://openknowledge.worldbank.org/handle/10986/30411
2. United Nations. (2015). Public-Private Partnerships and Parastatal Reform in Africa. Retrieved from: https://www.un.org/africarenewal/magazine/december-2015/public-private-partnerships-and-parastatal-reform-africa
3. Mwenda, K. (2017). Parastatal Reform in Africa: Lessons from Tanzania. African Development Bank Group. Retrieved from: https://www.afdb.org/en/blogs/afdb-championing-inclusive-growth-across-africa/post/parastatal-reform-in-africa-lessons-from-tanzania-17171/
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Google Gemini AI
May 14
Purpose of Parastatal Institutions in Public Service Provision
Parastatal institutions are entities established by governments to provide public services and fulfill specific economic, social, or political objectives. They play a crucial role in the delivery of essential services and contribute to key aspects of national development. The purpose of parastatal institutions in public service provision can be summarized as follows:
- Service Provision: Parastatals are tasked with providing public services to meet societal needs. This includes services such as electricity, water, sanitation, transportation, healthcare, and education. By offering these services, parastatals aim to improve the well-being and quality of life of citizens.
- Economic Development: Parastatals can contribute to economic development by establishing and managing industries that are strategic to the national economy. They may invest in infrastructure, manufacturing, and other sectors to foster growth and create employment opportunities.
- Social Welfare: Some parastatal institutions focus on providing social welfare services. These may include housing, social security, poverty alleviation programs, and other initiatives aimed at addressing inequality and promoting social justice.
- Regulation and Oversight: Parastatals can serve as regulatory bodies or oversight entities in specific sectors. They may be responsible for enforcing regulations, monitoring compliance, and ensuring the efficient functioning of these sectors.
- Political Objectives: In some cases, parastatal institutions may be created to achieve political objectives. For example, they may be used to promote national unity, support specific ideologies, or control strategic resources.
References
- World Bank. (2018). Parastatal Reforms: A Toolkit for Policymakers. https://documents.worldbank.org/en/publication/documents-reports/documentdetail/482271523237098737/Parastatal-Reforms-A-Toolkit-for-Policymakers
- International Monetary Fund. (2019). Governance and Performance of Public Enterprises: A Toolkit for Policymakers. https://www.imf.org/external/pubs/ft/wp/2019/wp19280.pdf
- OECD. (2015). Principles of Corporate Governance for State-Owned Enterprises. https://www.oecd-ilibrary.org/governance/principles-of-corporate-governance-for-state-owned-enterprises_9789264236644-en
- United Nations Department of Economic and Social Affairs. (2017). Parastatals as Instruments of Sustainable Development. https://www.un.org/development/desa/dpad/publication/parastatals-as-instruments-of-sustainable-development/
Parastatal institutions are entities established by governments to provide public services and fulfill specific economic, social, or political objectives. They play a crucial role in the delivery of essential services and contribute to key aspects of national development. The purpose of parastatal institutions in public service provision can be summarized as follows:
- Service Provision: Parastatals are tasked with providing public services to meet societal needs. This includes services such as electricity, water, sanitation, transportation, healthcare, and education. By offering these services, parastatals aim to improve the well-being and quality of life of citizens.
- Economic Development: Parastatals can contribute to economic development by establishing and managing industries that are strategic to the national economy. They may invest in infrastructure, manufacturing, and other sectors to foster growth and create employment opportunities.
- Social Welfare: Some parastatal institutions focus on providing social welfare services. These may include housing, social security, poverty alleviation programs, and other initiatives aimed at addressing inequality and promoting social justice.
- Regulation and Oversight: Parastatals can serve as regulatory bodies or oversight entities in specific sectors. They may be responsible for enforcing regulations, monitoring compliance, and ensuring the efficient functioning of these sectors.
- Political Objectives: In some cases, parastatal institutions may be created to achieve political objectives. For example, they may be used to promote national unity, support specific ideologies, or control strategic resources.
References
- World Bank. (2018). Parastatal Reforms: A Toolkit for Policymakers. https://documents.worldbank.org/en/publication/documents-reports/documentdetail/482271523237098737/Parastatal-Reforms-A-Toolkit-for-Policymakers
- International Monetary Fund. (2019). Governance and Performance of Public Enterprises: A Toolkit for Policymakers. https://www.imf.org/external/pubs/ft/wp/2019/wp19280.pdf
- OECD. (2015). Principles of Corporate Governance for State-Owned Enterprises. https://www.oecd-ilibrary.org/governance/principles-of-corporate-governance-for-state-owned-enterprises_9789264236644-en
- United Nations Department of Economic and Social Affairs. (2017). Parastatals as Instruments of Sustainable Development. https://www.un.org/development/desa/dpad/publication/parastatals-as-instruments-of-sustainable-development/
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