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DEPUTY PROPERTY MINISTER ANNOUNCED HIS MINISTRY FULFILLED ITS PRIVATIZATION COMMITMENTS TO IMF.
A&G Information Services, August, 1998
A&G Information Services 08-21-1998 DEPUTY PROPERTY MINISTER ANNOUNCED HIS MINISTRY FULFILLED ITS PRIVATIZATION COMMITMENTS TO IMF. ST.PETERSBURG, RUSSIA. NPO International Monetary Fund demanded that the government should organize a tender with world's top financial institutions involved, before each high-priority project.
State Property Ministry would choose 9-11 winners, who would get a status of authorized consultants. The latter will manage IMF assets allocated to prepare Russian companies for auctions. The consultants should evaluate company-for-sale and develop privatization scheme. A month ago the government followed IMF demand and reduced the list of strategic not-to-be-privatized companies by two thirds. As a result, stock of over 2,300...
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