Germany will consider participation in Marshall Plan for Ukraine, - German Foreign Office

германия фрг

Germany will consider its participation in the long term plan for support, the so-called Marshall Plan for Ukraine, as well as other initiatives aimed at support of reforms in Ukraine.

Director for Eastern Europe of the Federal Foreign Office of Germany Andreas Peschke told LB.ua in an interview, Censor.NET reports.

Peschke said he believes Germany will carefully consider this initiative as well as others.

Read more: Marshall Plan for Ukraine envisages $5 billion in annual investments and is 10 years long, - Economic Development Minister Kubiv

The German diplomat reminded that other packages of reform support in Ukraine already exist, like the macrofinance support of Ukraine by the EU, IMF tranches, and bilateral support by the U.S., Japan, and Germany.

"This financial support is worth tens of millions of euros. Our task is to ensure that all these funds allocated to cooperation are used effectively, for the sake of supporting the economy and reforms in Ukraine. We will place in this regard every effort to improve the effectiveness and increase support of our cooperation," the diplomat said.

"It is no secret that there is hardly any other head of state or government in the world with whom our Federal Chancellor Angela Merkel would speak on the phone more often than with Ukrainian President Poroshenko. This fact alone is a vivid example of how intense is the relationship between Germany and Ukraine. Our bilateral support package to Ukraine is one of the largest in the world," Peschke added.

Marshall Plan for Ukraine Project, offered to the European Union, is designed for 10 years and provides for the allocation of $5 billion annually in the medium term (2018-20). The funds are meant to be channeled to infrastructure projects, energy efficiency, and digital economy. The donor conference for project financing is to be held in February-March 2018.
Источник: https://censor.net.ua/en/n455729