To ensure that the state is able to effectively enable economic and social development, it is essential that we strengthen our state-owned enterprises. Through the Presidential SOE Council, government intends to create alignment between all state-owned companies and to better define their respective mandates. Through the council, we will work with the leadership of SOEs - in the form of their boards and their CEOs - to develop a legal and regulatory environment that promotes innovation and agility and enhances their competitiveness. We will build on the work we have already begun to address problems of poor governance, inefficiency and financial sustainability.