Quarterly Privatization Proceeds Total USD 21.5 Mn

A substantial portion of these revenues (USD9.5 mn) was from 2004 privatizations. Concorde Capital: The government will likely continue to block the privatization of strategic companies this year, so it is still unclear how the State Property Fund (SPF) will meet its 2005-privatization plan of USD1.3 bn. However, the government has also announced it will review its list of strategically important companies and require the SPF to re-work its privatization program. Perhaps this is an attempt to meet its financial goals.