Ukraine needs central authority to control usage of EU funds

Source : 112 Ukraine

According to Kubilius, this authority can become the financial institution of the country's development or bank
18:58, 6 November 2017


Ukraine needs the central authority that will help to prepare the projects on the usage of the EU funds and that will be trusted by the foreign countries. Initiator of this project, former Prime Minister of Lithuania and MP of the Lithuanian Seimas Andrius Kubilius claimed this as Ukrinform reported.

'We note in our plan that is very important to think not only about the source of the funds but the creation of the special authority in Ukraine', he thinks.

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Kubilius emphasized that Lithuania has such experience and it is ready to share it.

'Such experience is well known in some EU countries. And the European Commission offered us to explore the recent experience of such authorities in Western Balkans', he noted.

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'The central authority is needed in Kyiv that will help to prepare the projects that will be trusted by the international sponsors and that will have the mandate to demand the fast implementation of the procedures from the ministries or other bodies', former Lithuanian Prime Minister thinks.

According to Kubilius, this authority can become the financial institution of the country's development or even bank.

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'However, firstly there should be the organization that can clear the barriers towards the insufficient possibilities of the country on the efficient usage of the funds', he noted.

As it was reported the 'Marshall Plan' for Ukraine got the clearness and it was presented at the Lithuanian Seimas on November 6.

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The European Commission claimed that they received the project of the 'Marshall Plan' for Ukraine. It was submitted by the Foreign Minister of Lithuania.

‘Marshall Plan for Ukraine’ is the initiative of the Republic of Lithuania for support of Ukraine in 2017-2020 that provides the consistent plan of the economic, financial and investment support, including the strengthening of the strategic dialogue between Ukraine and Western countries to provide the European integration of Ukraine. It provides the investment in the real sector of the Ukrainian economy and the support of the reforms that aim at the economic growth, the creation of the new tools of the investment financing, support of the small and medium business.

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