PRIVATIZATION P.E.

closed

The major objectives of the Privatization Technical Assistance Project are to assist the Government to: (a) build its capacity to implement a wide-ranging public enterprise reform program; and (b) implement its policy of promoting the private sector as the main vehicle for economic development. The project will provide technical assistance and includes five components. The institutional component will assist to: (a) strengthen the capabilities of the Finance and Planning Ministry to design, implement and monitor reforms in the public enterprise sector; and (b) train staff. The privatization and liquidation component will support the design of a divestiture strategy and action program and initiate its implementation. This will be achieved through the provision of: (a) divestiture advisory services; (b) legal, accounting and valuation services; and (c) specialized services to identify and attract foreign investors' interest in companies selected for divestiture. The public enterprise performance improvement component will assist to: (a) devise and implement a restructuring and performance improvement program; and (b) improve the legal and institutional arrangements governing the relations between the government and public enterprises maintained in the state portfolio.