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Marshall Plan for Ukraine designed for 10 years
22:57, 14 September 2017
Marshall Plan for Ukraine designed for 10 years

According to experts, 5 billion euros will provide economic growth for 6-8%

22:57, 14 September 2017

Open source

Presentation of the Marshall Plan for Ukraine was held On Thursday, September 14. First Deputy Prime Minister and Minister of Economic Development and Trade of Ukraine Stepan Kubiv, former Prime Minister of Lithuania Andrius Kubilius and People's Deputy of Ukraine Anna Hopko took part in the interdepartmental meeting and the press briefing. This was reported by the Government portal.

"The Marshall Plan is a plan for investing in the real sector: infrastructure, agribusiness, credit instruments for small and medium-sized businesses," Stepan Kubiv explained.

Subsequently, he noted that the Plan is designed for 10 years, as Interfax-Ukraine reported.

Andrius Kubilius, co-author of the Marshall Plan for Ukraine said that the initiative is based on Lithuania's experience in carrying out reforms in the 1990s.

Related: Poroshenko, Pranckietis discuss Marshall Plan, extension of anti-Russian sanctions

According to Andrius Kubilius, European Union has done a lot for Ukraine, for example, vise liberalization was introduced and the Association Agreement was signed but now the question is how the Ukrainian-European relations will develop further. The Marshall Plan is a tool that should demonstrate the support of European partners to Ukrainian society.

“According to experts, 5 billion euros to the economics will provide Ukraine economic growth for 6-8%,” he said.

Anna Hopko noted that the working group consisting of representatives of the government and parliament has already been created. The task of the working group together with the Lithuanian side is to develop concrete steps and measures of the investment plan until September 25, which will be presented at the Eastern Partnership Summit in November 2017.

As it was reported earlier Ukrainian-Lithuanian project Marshall Plan for Ukraine has been presented in the European institutions and is to be reviewed by the European Commission, representative of Mission of Ukraine to the EU Mykola Tochytskyi informed.

Related: Marshall Plan for Ukraine: Lithuanian Seimas to allocate €5 billion annually for reforms

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