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Marshall Plan for Ukraine: Lithuanian Seimas to allocate €5 billion annually for reforms
19:01, 18 August 2017
Marshall Plan for Ukraine: Lithuanian Seimas to allocate €5 billion annually for reforms

Such project is currently being discussed in key international institutions

19:01, 18 August 2017

Gomel Pravda

There is now an active discussion at the highest level of Lithuanian Plan for Ukraine for 2017-2020 and the "New European Plan for Ukraine" (so-called "Marshall Plan"). This was announced by First Deputy Prime Minister of Ukraine Stepan Kubiv on his Facebook page.

“This initiative of the Lithuanian Seimas provides for economic, political and financial assistance to Ukraine in the context of European integration. We are talking about at least 5 billion euros for annual support for reforms aimed at economic growth and development. The project is now actively discussed in key international institutions to ensure the formation of a "group of friends" of Ukraine and necessary support of the plan for its implementation,” Kubiv said.

Related: France to allocate funds for solar power plants construction in Chornobyl

As it was reported earlier Germany will allocate $ 10 million for development of Ukrainian enterprises. Emerging Europe Growth Fund III will facilitate the access to long-term financing for small and medium businesses in Ukraine.

Related: European Commission to allocate €50 million to Donbas front

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