Marshall Plan for Ukraine to accelerate growth of Ukrainian economy up to 7% – Vice PM Kubiv

Marshall Plan for Ukraine to accelerate growth of Ukrainian economy up to 7% – Vice PM Kubiv

The Marshall Plan for Ukraine initiated by Lithuania will help restore the confidence of international financial institutions and ensure the growth of Ukrainian economy up to 5-7%.

First Vice Prime Minister, Economic Development and Trade Minister of Ukraine Stepan Kubiv said this during joint Ukrainian-Lithuanian press briefing on the Marshall Plan for Ukraine on September 14, an Ukrinform correspondent reports.

According to the official, the plan will provide for annual $5 billion funding to strengthen the Ukrainian economy.

"What is it specifically about? The plan envisages attraction and restoration of confidence of the international financial institutions and joint financing of projects. We are talking about at least 5 billion dollars a year... The economy is expected to see growth of 5-7%. These are preliminary parameters," the Vice Prime Minister stressed.

As reported, the Marshall Plan for Ukraine is the initiative of the Republic of Lithuania aimed at assisting Ukraine in 2017-2020. The initiative supports reforms in Ukraine's economic growth, particularly, privatization and reform of state enterprises, creation of adequate investment financing instruments and support for small and medium-sized businesses.


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