Ukraine and the EU have finalized the concept of Kyiv’s five-year support plan.

According to Minister of Economy Yulia Svyridenko and representatives from the European Commission, the key points of the 2024-2027 plan are macro-financial recovery scenarios, a program of reforms, including policies on public assets and privatization, human capital, business climate, financial markets, public administration reforms, and increasing investment absorption capacity.

“According to the EU support program, we will have a program of actions and concrete reforms to strengthen the economy, European integration, digitalization, and regional development,” Svyridenko said.

European Commission official Marlene Rosemarie Madsen said this €50B support program will be a key driver for Ukraine’s economic growth for the next four years. She added that the plan cannot cover everything, but the key areas identified so far are targeted for growth.