The overall cost of the postwar Marshall plan is then compared with U.S. GDP in 1948, when the program started. These kinds of comparisons are not, in fact, the best use of Marshall plan history. It is revealing, for example, that Marshall plan disbursals began even while there was still some fighting in Europe. It is also important to recall that Marshall plan funds were more than 90% grants and just 10% loans. Administrative reforms were a focus and precondition for Marshall plan aid.

Source: The Guardian June 11, 2022 10:06 UTC