Consists of 18 SOEs, provides most of the country’s infrastructure services, and has a substantial impact on the economy. Has, over the long-term, produced low returns, with an average return on equity (ROE) of 1.9% and average return on assets of 0.9% from 20022014. Contributed only 4% to gross domestic product in 2014, despite controlling an estimated 12%-17% of total fixed assets in the economy. Has achieved a marked improvement in financial returns since 2010, with ROE reaching 9% in 2012 before declining to 5% in 2014. Has seen five major divestments since 2012: 59% of Fiji Ports Corporation Limited; 51% of Ports Terminal, and a management contract for Suva and Lautoka ports; 51% of FINTEL; 100% of Fiji Dairy; and 50% of the government’s remaining 34.6% stake in Amalgamated Telecom Holdings. Is currently undergoing a broad based reform program to strengthen the SOE legislative framework, improve governance and monitoring, and facilitate the use of public private partnerships.