KIEV, July 8 (RIA Novosti) – Ukraine is preparing an economic recovery plan for 2014-2016, and is calling on international donors to participate by sending observers to assess the needs of the country, Ukraine’s Deputy Prime Minister Vladimir Groisman said Tuesday.
“A similar plan, known as a Marshall Aid [European Recovery Program after WWII] helped Europe revive, today Ukraine needs such a plan. And we are urging you to join us in its creation. We expect to present this plan at the International conference of donor aid that will be held in autumn,” Groisman said during a conference on aid for Ukraine held in Brussels.
“We invite you to establish and send to Ukraine a mission to assess its needs that will allow us to establish the key priorities and the necessary resources,” the Deputy Prime Minister added.
Groisman noted that the mass protests in Kiev that lasted for months and the current standoff in eastern Ukraine have had a negative impact on country’s economy.
On April 30, the IMF approved a $17 billion loan to Ukraine in the form of a two-year stabilization program. Kiev received the first tranche of $3.16 billion in early May. Another loan agreement for $1.48 billion was signed with the IMF later that month. On May 29, Kiev received $750 million. The EU has also allocated $815,700 million (600 million euros) of the total $2.18 billion (1.6 billion euros) as micro financing for Ukraine, which Kiev is to receive by the end of this year.
Ukraine is expected to receive a total of $27 billion from international donors such as the IMF, the World Bank, the US and the EU. From this sum about $14 billion is to come in 2014.
