Sustainable Economical Development Plan

Dear teachers! Please check out if my text/translation is correct English.

The Sustainable Economical Development Plan (SEDP, or the Plan) consists of three parts. The first part identifies those interested in being financial donors, and the European Investment Bank and other international financial institutions may prove reliable partners in that regard. The second part is the projects that provide money for the industrial economy as the main subject for investments. Until recently, financial support has been assigned by the IMF single-handedly, purposed only for economical stabilization, while now the goal is to develop the economy's real(industrial) sector. The third part offers help in control to the government to ensure the effective use of the funds, and the crucial point is who will administrate the money.

Also, SEDP has three general vectors of development. The roads and other internal transport facilities make up the infrastructure vector. Medium and small businesses are the second vector, and the third is something what is called 'municipal or local governments' projects'.

Still, for the Plan to take off, donors want to be certain that reforms will be continued under due conditions- including transparency- to exclude any corruption in the course of financial operations. One of the Plan's strategic goals is to create an instrument allowing for sustainable motivation during reform process. What is certain- the transfer of these funds is firmly tied to the implementation of particular economical reforms: the business-related reforms, the reform of the judicial system, and the land reform. Provided there is $5 bn in investments per year, the expected annual economy growth is about 6-8%.

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