The Ministry of Economy and Business are developing the “Ukraine Plan”: what it provides
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The Ministry of Economy together with Ukrainian entrepreneurs, associations and experts will create more than 10 sectoral working groups to discuss and develop specific and comprehensive measures for development in key sectors of Ukraine’s economy.
It is reported press service of the Ministry of Economy.
“It is planned to discuss key industries that should become an incentive for the development of the Ukrainian economy and the development of specific high-level sectoral proposals,” the message reads.
These developments form the basis of the Plan of Ukraine for the Ukraine Facility (UF) from the European Union.
In addition, the dialogue with business will allow to develop a project of sectoral development programs for UF and proposals from business to sectoral development strategies for 10 years in three stages:
- short-term – 2023-2024;
- medium-term – 2025-2027;
- long-term – 2028-2033
The development of the “Ukraine Plan” within the framework of the Ukraine Facility program will make it possible to attract 50 billion euros of aid from the European Commission to the Ukrainian economy, which was announced during the Ukraine Recovery Conference.
“In order to receive financing under the Ukraine Facility program, we must develop a plan for the recovery, reconstruction and modernization of the country. Its phased implementation will allow us to not only receive 50 billion euros of aid over the next 4 years, but also contribute to attracting additional investments from partners for almost the same amount – 50 billion. But for this we have to form a common vision of the country’s economic development,” Svyridenko added.
The “Ukraine Plan” should structure the vision of post-war reconstruction and development of Ukraine. Future reforms and sectors that need priority funding should also be listed there.
“The plan will allow in the coming years to return the GDP to the level by 2021 and to increase it by an additional 10%. We already understand what these funds will be used for – part will cover the budget deficit, part will go to reconstruction, but a large part of the funds must be directed to private sector, the implementation of strategic investment projects, which in turn should stimulate the attraction of additional private capital,” the deputy prime minister summed up.
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