Tuesday, July 8, 2014

Ukraine Calls on International Donors to Help Develop Economic Recovery Plan

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.
[KIEV, July 8 (RIA Novosti)]
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1 comment :

  1. Ukraine threatens rebels with 'nasty surprise' in new push...

    (Reuters) - Ukraine's government kept up military pressure against pro-Russian rebels on Tuesday, threatening them with an "nasty surprise", while the militants said they were preparing to fight back after losing their main stronghold.

    President Petro Poroshenko, drawing confidence from the fall of the rebel bastion of Slaviansk at the weekend, named a new chief of military operations in the east following his appointment of an aggressive new defence minister who again demanded the separatists lay down their arms.

    A security official said the government's plan to clear rebels from the two big towns of Donetsk and Luhansk would come as an "nasty surprise" for the insurgents.

    But Poroshenko - whose officials have ruled out any more unilateral ceasefires - kept the door open to a further round of indirect peace talks with separatist leaders, naming a possible venue in a government-controlled monastery-town in the east.

    Poroshenko on Tuesday visited Slaviansk, which lies in eastern Ukraine's industrialised Donbass region.

    "Until today Slaviansk was a symbol of terror and violence. Today Slaviansk is a symbol of a free Donbass and I thank you for that," he said on the city's main square in front of what was one of the rebels' main headquarters....................http://www.reuters.com/article/2014/07/08/us-ukraine-crisis-idUSKBN0FC11520140708?feedType=RSS&feedName=worldNews
    8/7/14

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