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Germany will propose a Marshall Plan-like plan for rebuilding Ukraine

Oct 24, 2022

In Berlin, the 5th German-Ukrainian economic conference will be held, where a position paper "Reconstruction of Ukraine" will be presented, the Marshall Plan for the reconstruction of Western Germany after World War II with the help of the U.S.

This is reported by the RND Media Group.

At the initiative of the Committee on Eastern European Economic Relations, 50 experts compiled a dossier with detailed proposals and wishes for the economic development process in Ukraine. "We have to provide immediate help, for example with infrastructure or energy supply, but we also have to think about the future," Michael Harms, managing director of the Committee, explains the initiative.

The dossier "Rebuilding Ukraine" was prepared on the eve of the 5th German-Ukrainian Economic Conference in Berlin, where Chancellor Olaf Scholz and Prime Minister Denis Schmigal are also expected.


In the document, experts recommend that the European countries involved in the reconstruction and the EU appoint a high-level coordinator for Ukraine.

The coordinators should form a board to exchange information with the Ukrainian government regarding current needs and projects. Each donor country should retain control over its own project funds to ensure transparency and accountability.

According to Harms, a reasonable plan must do two things: "People need to see quick results in rebuilding the destroyed infrastructure. At the same time, it's important to lay the groundwork for sustainable growth." Above all, this means "harnessing Ukraine's enormous growth potential in the areas of digitalization, agriculture, and green energy, and consistently developing a low-carbon economy."

Author - Olena Madiak, 24/10/2022

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