Arseniy Yatsenyuk: The best Marshall plan is investment into the economy of Ukraine

“We are not just begging for cash - give us another loan to repay us the previous ones. It won’t work. The best Marshall plan is investments into Ukraine,” highlighted Prime Minister of Ukraine Arseniy Yatsenyuk on April 28 during the International Support for Ukraine conference.

He stressed the Government of Ukraine truly appreciates the support from all our partners: the USA, Canada, G7 states – “all those who contributed into the future of Ukraine”.

According to the Prime Minister, it is necessary now “to weather the budget storm”: “We have done a lot in order to close the fiscal gap in order to present a realistic budget in the Parliament, in order to balance the fiscal stance of Ukraine”.

However, to boost an economic growth it is crucial to draw investment into Ukrainian economy: “The best Marshall plan in this particular case – please, investment into Ukraine”.

Arseniy Yatsenyuk singled out among the promising investment areas an energy sector. He reminded the previous year the Parliament of Ukraine had approved a law enabling the EU and the USA- based companies to invest into Ukrainian GTS.

Attracting of this kind of investors into modernization and exploitation of Ukrainian GTS will trigger forming “a new type of energy policy”: “It is great the EU has launched an anti-monopoly investigation into Gazprom. Ukraine did the same. But the best thing is to form a new energy map of Europe”.  

According to Arseniy Yatsenyuk, another key area for foreign investments is Ukrainian agriculture: “We can produce pure and competitive agricultural products”.

Moreover, the PM stressed the need to implement joint educational programs with the EU: “We expect it will bring “a higher IQ” – to move the country forward, to carry out necessary reforms and be more competitive in the world”.

“We really need a Marshall plan. And I believe this conference is the first step in drafting a large-scale comprehensive plan for Ukraine and for our joint success”.