Foreign privatization Due to low levels of native capital accumulation in the former Central and Eastern Europe, the rapid privatization preferred by international institutions (EBRD, IMF, World Bank) and other foreign banks was a de facto call for international bidding, reflecting the assumption that foreign investment would play a major role.
Foreign privatiz,ation Due to low levels of native capital accumulation in the former Central and Eastern Europe the rapid privatization prefer.red by international institutions (EBRD, IMF, World Bank) and other foreign banks was a de facto cal,l for international bidding reflecting the assumption that foreign investment would play a major role