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

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

This was announced by First Vice Prime Minister, Minister of Economic Development Stepan Kubiv on Thursday, Censor.NET reports citing Interfax-Ukraine.

"We have agreed on the priorities that lie in the spheres of infrastructure projects, energy efficiency, digital economy through small business," Kubiv said at a press briefing after meeting former Lithuanian PM Andrius Kubilius regarding long-term financial support for reforms in Ukraine.

Read more: Lithuania voiced "Marshall Plan" for Ukraine in Europe an US, and idea was supported, - Seimas Speaker Pranckietis

Kubilius, who is one of the authors of the Marshall Plan for Ukraine, told the briefing that if Ukraine receives annual investments of $5 billion, its economy will grow by 6-8% GDP.