Privatization of state-owned companies and banks in the context of cooperation with the IMF and other development partners

The report analyses the privatisation of state-owned enterprises and banks in Ukraine over the past ten years within the framework of cooperation with the IMF. It also presents the European Commission and OECD’s assessment of the state of privatisation of state-owned enterprises. It examines the reasons for slow progress, ranging from complex legislation and low transparency to political influence and weak governance mechanisms. The document highlights the recommendations of international partners, in particular the need to simplify rules, increase transparency and introduce corporate governance, which should be the key to successful privatisation. Despite partial successes in small-scale privatisation, large state assets remain largely unattractive to investors. The report also outlines further steps in the field of privatisation as a necessary condition for Ukraine’s economic stability and integration into the EU.