In American national memory, the Marshall Plan
occupies almost cult-like status.
There were no survivors.1947: US Secretary of State George Marshall announced the Marshall Plan
to help Europe recover from near-bankruptcy following the war.
The primary purpose behind the formation of OEEC was the execution of the Marshall Plan
. Also known as, the European Recovery Program, the Marshall Plan
was an American Initiative to aid Western Europe.
The Marshall Plan
was the American system of payments of more than $12billion agreed in 1948 to help rebuild Europe after World War II.
Equating CPEC with Marshall Plan
does not make any sense owing to the fact that the purposes and motivations behind these two colossal undertakings are quite different, besides being launched under different circumstances.
The Mindanao Development Authority, which is part of the TFBM, has crafted a P678-billion 'Marshall Plan
' that will provide a road map for the immediate rebuilding of Marawi City and nearby provinces.
Some even have tried to draw a parallel between the CPEC and the Marshall plan
unfurled by the US after the world war-II.
The Forum for China-Africa Cooperation (FOCAC) has the making of a 21st century equivalent of the Marshall Plan
, America's massive economic rescue programme that President Harry Truman unveiled for Europe on April 3, 1948.In the largest financial bailout in human history mdash officially the European Recovery Programme (ERP) mdash named after United States Secretary of State George Marshall, Washington offered $17 billion (equivalent to $193.53 billion in 2018) in economic assistance to help rebuild Western European economies after World War II.
BRUSSELS, July 9 (KUNA) -- The President of the European Parliament, Antonio Tajani, Monday called for a Marshall Plan
to help in the development of Africa and stop the flow of illegal migrants to Europe.
Summary: How a messy deal to save post-war Europe became the Marshall Plan
Marshall described an enterprise to revive Europe, "directed not against any country or doctrine, but against hunger, poverty, desperation and chaos." He envisioned what would become the Marshall Plan
, the intention of which was to stimulate economic growth and integration within Western European nations.