According to the draft document, the restoration of Ukraine’s infrastructure destroyed by the war will take more than 10 years.
The European Commission has developed a strategic plan for the restoration of Ukraine. Photo: UNIAN, collage “Today”
The European Commission has developed a strategic plan for the post-war reconstruction of Ukraine. It is called “Rebuild Ukraine”. The commission plans to approve the eight-page draft decision on Wednesday, May 18.
It is reported by the Sueddeutsche Zeitung.
Details
According to the draft document, the restoration of Ukraine’s infrastructure destroyed by the war will take more than 10 years.
The allocated funds will be subject to strict conditions – the fight against corruption and the efforts of the Ukrainian government to carry out reforms. They note that the reforms should bring Ukraine closer to the EU.
Thus, when rebuilding, new infrastructure and houses must be designed to meet climate requirements.
The EU’s financial contribution is to come from the new EU budget program. It should be based on how the EU assistance to member states works after the coronavirus pandemic. Under this program, member countries are required to submit reform and investment plans to the European Commission.
The plan emphasizes good governance, the rule of law, sound financial management and protection against corruption and fraud.
In addition, Ukraine’s grants can be covered by additional payments from Member States to the EU budget or by redistribution within the budget. Regarding soft loans to Kyiv, the commission proposes to finance them by taking on new debts. The member states will then bear overall responsibility for these EU debts.
Zelensky announced the modern Marshall Plan for Ukraine
President Volodymyr Zelensky said that Ukraine, Europe and the entire free world are on their way to a common victory. According to the head of state, a large-scale plan for the reconstruction of our country after the war is already being prepared. This plan will become the modern counterpart of the historic Marshall Plan. Zelensky announced this at the High-Level International Donor Conference in Support of Ukraine in Warsaw.
“We are already preparing a massive plan for the reconstruction of Ukraine after the war and need a strategic international support plan for Ukraine, which will be a modern analogue of the historic Marshall Plan. It is the money, technology, specialists and opportunities for growth that are needed to return to a safe life, to modernize and social development,” Zelensky said.
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Source: Segodnya
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