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08/09/2002 | Kostya P.
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Schaffer Proposes Broad U.S. Economic Assistance for Ukraine
Urges Millennium Challenge Account pilot program in Ukraine
News Release
Office of Congressman Bob Schaffer
Washington, D.C. , July 25, 2002
WASHINGTON, D.C. - U.S. Congressman Bob Schaffer (R-CO),
Co-Chairman of the House of Representatives Ukrainian Caucus, today
urged U.S. Treasury Secretary Paul O'Neill to implement in Ukraine a
pilot program of the president's Millennium Challenge Account, which
Schaffer called "a bold foreign assistance initiative, unprecedented in
scope since the Marshall Plan." In a letter today to Secretary O'Neill,
Schaffer called Ukraine a "premier candidate" for the president's MCA
program.
Announced by President Bush in March, Millennium Challenge
Accounts (MCA) will extend U.S. aid and economic opportunity to
countries demonstrating economic and political progress. Under the
president's proposal, the MCA program will increase U.S. development
assistance over three years, leading to a $5 billion annual increase above
current levels by 2006.
"Ukraine's potential for wealth creation is underdeveloped, but it will
respond very positively to significant western interest and investment,"
Schaffer wrote. "Ukraine's agricultural sector, having once supplied one
quarter of the entire Soviet Union's demand, is now floundering and is in
desperate need of western financial and technical investment."
"Because of [Ukraine's] tremendous, broadly based potential… I
ereby urge you to support Ukraine as the premier candidate for MCA
implementation," Schaffer said in his letter to O'Neill.
======================================================
Congressman Schaffer was first elected to Congress in November of 1996.
He is a member of the Committees on Agriculture, Resources, and Education
and Workforce. He is Vice Chairman of the Education Subcommittee on
Education Reform, Co-Chairman of the Ukrainian Caucus, President of the
Republican Junior Class, and the Speaker’s appointee to the House Republican
Policy Committee. His official Internet website address is
www.house.gov/schaffer.
======================================================
Schaffer Proposes Broad U.S. Economic Assistance for Ukraine
Urges Millennium Challenge Account pilot program in Ukraine
News Release
Office of Congressman Bob Schaffer
Washington, D.C. , July 25, 2002
WASHINGTON, D.C. - U.S. Congressman Bob Schaffer (R-CO),
Co-Chairman of the House of Representatives Ukrainian Caucus, today
urged U.S. Treasury Secretary Paul O'Neill to implement in Ukraine a
pilot program of the president's Millennium Challenge Account, which
Schaffer called "a bold foreign assistance initiative, unprecedented in
scope since the Marshall Plan." In a letter today to Secretary O'Neill,
Schaffer called Ukraine a "premier candidate" for the president's MCA
program.
Announced by President Bush in March, Millennium Challenge
Accounts (MCA) will extend U.S. aid and economic opportunity to
countries demonstrating economic and political progress. Under the
president's proposal, the MCA program will increase U.S. development
assistance over three years, leading to a $5 billion annual increase above
current levels by 2006.
"Ukraine's potential for wealth creation is underdeveloped, but it will
respond very positively to significant western interest and investment,"
Schaffer wrote. "Ukraine's agricultural sector, having once supplied one
quarter of the entire Soviet Union's demand, is now floundering and is in
desperate need of western financial and technical investment."
"Because of [Ukraine's] tremendous, broadly based potential… I
ereby urge you to support Ukraine as the premier candidate for MCA
implementation," Schaffer said in his letter to O'Neill.
======================================================
Congressman Schaffer was first elected to Congress in November of 1996.
He is a member of the Committees on Agriculture, Resources, and Education
and Workforce. He is Vice Chairman of the Education Subcommittee on
Education Reform, Co-Chairman of the Ukrainian Caucus, President of the
Republican Junior Class, and the Speaker’s appointee to the House Republican
Policy Committee. His official Internet website address is
www.house.gov/schaffer.
======================================================