World Bank experts to visit Belarusian companies on 2011-2013 privatization list

A team of World Bank experts will visit the Belarusian enterprises, which are supposed to be privatized in 2011-2013, announced the press service of the State Property Committee of Belarus  after top executives of the committee met with World Bank experts earlier on 24 March.

The international financial advisors intend to choose several more companies in addition to the earlier mentioned three pilot privatization projects that were earmarked by the World Bank’s memo of April 2010.

The agreement to do that was reached at the 24 March meeting of representatives of the State Property Committee and representatives of the World Bank. The visit will take place as part of the continued privatization efforts, which are funded by the Austrian Trust Fund. Belarus has been granted $5 million to support the privatization process.

Shortlisted by the World Bank’s memo, the three Belarusian enterprises were okayed by the State Property Committee in September 2010. Those are the Baranovichi-based company Barhim, Brest Electromechanical Plant, and the Minsk-based company Belsantekhmontazh. Later on specialists of the World Bank received papers for another six Belarusian enterprises.

At the talks representatives of the World Bank underlined that they would like to help Belarus work out effective privatization methods. The experts okayed the Committee’s proposal to expand the goal of the pilot project by shortlisting another one ineffectively operating Belarusian enterprise. World Bank specialists are supposed to carry out pre-privatization preparations, to stabilize the company’s performance for an investment project to be implemented later.

According  to