Only at the conditions imposed by the IMF. Usually that means the state has to steer away from anything that could be profitable and focus only on what is not palatable to foreign capital.
It also means states can't apply import taxes, thus making their industries instantly obsolete. It's pretty much a huge transfer of wealth from inside to outside.
Im going to need a direct example please
Also see this video[1] about Vietnam, around halfway through it explains pretty well how it works.
Edit: I realize now you asked about the "forced privatization of industries" sentence. That's thoroughly stressed accross all IMF literature, and you can see it happen in pretty much every country that takes IMF "aid".
-[0]: https://www.imf.org/en/About/Factsheets/Sheets/2016/08/02/21...
Blackmail poor countries into selling all of their assets to foreign capital, just to gain access to foreign credit.
See what's happening in Cuba. See what Vietnam had to do after the war with the US, see Greece with Europe recently, see countless more.
The WTO, IMF and the World Bank are the colonizing arm of capitalism.
It's a relatively new form of supernational economic warfare that turned out to be very effective, especially when combined with embargoes and economic sanctions. It's the famous "offer one can't refuse".