Lithuania presents new 'Marshall Plan for Ukraine'

Source : 112 Ukraine

The initiative foresees considerable investments into the Ukrainian economy – up to 5 billion Euros annually
15:17, 6 November 2017

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.    

Related: Marshall Plan for Ukraine has clearer shape, is to be presented in Lithuania November 6

Related: Marshall Plan for Ukraine is not mentioned at documents of Eastern Partnership summit

Related: European Commission claims about getting of Marshall Plan for Ukraine

Related: Marshall Plan for Ukraine designed for 10 years

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