“Big” privatizations are a condition for Ukraine to receive more money from the IMF

“Big” privatizations are a condition for Ukraine to receive more money from the IMF under the new 14-month standby program, according to UNIAN. By July 1, these state companies should be sold off: electricity supplier Centrenergo, coal miner Krasnolimanskaya, insulin maker Indar, and Kyiv’s hilltop President Hotel. With the privatization mechanism in place, the 2019 budget allows for $600 million in revenue from sales. The IMF also says Ukraine should carry out 500 “small” privatizations – state properties assessed at under $9 million.