Ukraine Marshall Plan envisages USD 5 bln in investment over 10 years
15 September 2017
The Marshall Plan
for Ukraine that is being developed among European politicians calls for USD 5
bln in annual investment in Ukrainian infrastructure and energy efficiency over
a span of 10 years, as announced on Sept. 14 by Ukrainian First Deputy Prime
Minister Stepan Kubiv following his meeting with Lithuanian former Prime
Minister Andrius Kubilius, who has co-authored the plan. The investments will
create 6-8% in GDP growth for Ukraine, Kubilius said. The proposals have been
included into the agenda of the next Ukraine-EU summit, the epravda.com.ua news site reported.
Zenon Zawada: Ukrainian
infrastructure and energy efficiency is certainly in desperate need of renewal.
Yet we agree with the position of the German ambassador of Ukraine that this
plan isn’t necessary, at least not for now. We don’t see the Poroshenko
administration as being capable of properly managing the funds or operations
for this mega-project, given its history of alleged corruption in just the last
three years. We think a Marshall Plan for Ukraine is possible only with a
government that has demonstrated a commitment to fiscal discipline and fighting
corruption.
infrastructure and energy efficiency is certainly in desperate need of renewal.
Yet we agree with the position of the German ambassador of Ukraine that this
plan isn’t necessary, at least not for now. We don’t see the Poroshenko
administration as being capable of properly managing the funds or operations
for this mega-project, given its history of alleged corruption in just the last
three years. We think a Marshall Plan for Ukraine is possible only with a
government that has demonstrated a commitment to fiscal discipline and fighting
corruption.
