Scholz Announced the “Marshall Plan” for Ukraine

by Olha Povaliaieva
Wednesday, October 26, 2022
Scholz Announced the “Marshall Plan” for Ukraine

During a conference on the reconstruction and modernization of Ukraine, the chancellor named the persistent and strong areas to participate in Ukraine

The international expert conference on Ukraine's restoration, reconstruction and modernization started in Berlin, and Olaf Scholz gave a speech at the opening. According to the chancellor, Russia's attack on Ukraine's civilian infrastructure indicates that Putin's aggressive army is in despair and that Ukraine will emerge victorious from this war. To help Ukraine win, Germany and other partners will continue to support our state humanitarian, financially and politically for as long as necessary. We remind you that Israel has joined the actual assistance to Ukraine.

"We know that no country's history is like another, but we know from our historical experience that recovery is always possible and that it is never too late to complete this task. This conference is about building infrastructure and developing mechanisms to help facilitate and finance what John Maynard Keynes 1944 called "permanent recovery." What is at stake here is no less the creation of a new Marshall Plan for the 21st century, a generational challenge that must begin now," Olaf Scholz.

The chancellor stressed that the restructuring of Ukraine is not only a challenge for several generations, starting from the living but also an opportunity. The chancellor offered to look at Ukraine from the perspective of what it is solid and reliable in.

"An important producer of green energy, an exporter of industrial and agricultural products, a digital centre with some of the best IT experts, as well as an EU member with the relevant infrastructure and legal framework," summed up Olaf Scholz. "To realize such a gigantic effort, we need to develop even better ways to attract public and private investors to Ukraine's sustainable future worldwide. We need to discuss what a transparent, efficient and inclusive form of government might look like."

Today, representatives of Ukraine's government apparatus arrived in Switzerland to discuss the Ukrainian Marshall Plan.

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