New European investment plan for Ukraine has been presented in Lithuania on Monday. It is often called the ‘Marshall Plan for Ukraine’ – a clear reference to the program of the U.S. comprehensive economic assistance for Europe, aiming to restore the European economy and infrastructure after WWII.
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.