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Cabinet of Ministers creates working group on new “Marshall Plan”

The group consists of 45 people
13:37, 29 January 2018

capital.ua

Ukraine’s Cabinet of Ministers created the working group to develop “European Plan for Ukraine” which they called a new “Marshall Plan.” The European Truth agency reported on such decree from January 19 signed by the Minister of Economic Development and Trade of Ukraine Stepan Kubiv.

It is noted that Kubiv headed an interdepartmental working group, which h includes deputy ministers Maxym Nefedov and Mykhailo Tytarchuk, as well as Oksana Hryshkevych, head of the Department for State Investment Projects and Development of Economics Ministry and several other people's deputies.

At the same time, the group does not include representatives of the government office for European integration and the Presidential Administration of Ukraine.

Related: Canada’s opposition urges government to join Marshall Plan for Ukraine

As it was reported earlier the 10 years-long 'Marshall Plan' for Ukraine foresees considerable investments – up to 5 billion Euros annually – into the Ukrainian economy, which would boost its development. Authors of the document suppose that at such rate of the economic growth, the country’s annual GPD growth will be making from 6 to eight percent. In return, Ukraine must successfully carry on with the reforms.

The current investment plan was designed by Lithuania, the country which received economic assistance from the U.S. in the 1990s; so, the government and the society have enough experience in this area.  

Related: Why EU's "Marshall Plan" is not for Ukraine only

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