Business news from Ukraine

Business news from Ukraine

CABINET INCLUDES IMF, WORLD BANK, IFC, EBRD, USAID REPRESENTATIVES IN AD HOC GROUP FOR COMPANIES PRIVATIZATION

2 November , 2015  

KYIV. Nov 2 (Interfax-Ukraine) – The Cabinet of Ministers has included representatives of the International Monetary Fund (IMF), the World Bank, the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD) and the U.S. Agency for International Development (USAID) in a working group to prepare recommendations and proposals for the government on the privatization and terms of the sale of state enterprises.

The decision is stipulated in government decree No. 849 of October 21.

As reported, the Cabinet of Ministers on June 24, 2015 established a working group led by the head of the State Property Fund of Ukraine (SPF) to prepare recommendations for the government on privatization. The government also defined the members of the group: its deputy head is the SPF deputy chairman, the secretary is a fund representative. The group also includes the Deputy Minister of Economic Development and Trade, the Senior Adviser to the Minister of Economic Development and Trade, the Deputy Minister of the Cabinet, the First Deputy Finance Minister, the First Deputy Minister of Energy and Coal Industry, the director of the department for effective state property management at the Secretariat of the Cabinet, and the state commissioner of the Antimonopoly Committee.