“Palau’s government is prioritizing the commercialization of its largest [State Owned Enterprise], the Palau Power Utility Corporation, which is an important step in improving services and the performance of the portfolio as a whole. …The government could consider extending these reforms to the remaining three SOEs to facilitate monitoring and establish clear lines of accountability.”
— Shane Rosenthal, regional director of the ADB Pacific Liaison and Coordination Office for the Asian Development Bank.He was referring to Finding Balance 2023: Benchmarking Performance and Building Climate Resilience in Pacific State-Owned Enterprises, which compares the performance of SOEs in nine Pacific island countries — Fiji, Kiribati, the Marshall Islands, Palau, Papua New Guinea, Samoa, Solomon Islands, Tonga, and Vanuatu and tracks the progress of SOE commercialization in the region.