Everyone is thinking about something like a Marshall Plan for Ukraine, like what happened after World War II — EBRD President Odile Renaud-Basso
“You will now see a big mobilization of the international community,” said Odile Renaud-Basso, President of the European Bank for Reconstruction and Development. “Everyone is thinking about something like a Marshall Plan for Ukraine, like what happened after World War II,” she said, referring to the U.S.-led multi-national reconstruction program launched in 1948 that helped to revive Europe’s economy through official aid and private investments.
To persuade nations to provide sizable resources, Ukraine needs to pledge to overhaul its economy while presenting plans to strengthen its long-term resilience, including environmental efforts, said Ms. Renaud-Basso of the EBRD.
“Before the war, Ukraine had a huge agenda of reform in terms of improving governance, fighting against corruption, and improving its judicial system,” she said. “These challenges remain, and they will have to be addressed in the reconstruction if there is to be a lot of international support.”