The Prime Minister, together with the World Bank, presented an updated Rapid Assessment of Damage and Recovery Needs for Ukraine.
Reconstruction of Ukraine’s economy after the end of the war unleashed by Russia will cost, according to World Bank estimates, $411 billion, but this amount does not include the loss of infrastructure, housing and businesses in the occupied territories . This was announced by Prime Minister Denis Shmigal on Telegram on Thursday, March 23.
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He mentioned that today, together with the World Bank, he presented an updated Rapid Damage and Recovery Needs Assessment (RDNA2).
“The amount of damage caused and recovery needs do not yet include data on the loss of infrastructure, housing and businesses in the occupied territories. When the Defense Forces release them, we expect the data to increase, and the government will will immediately begin work on the restoration of these territories,” – wrote Schmigal.
He added that handling the second phase of RDNA2 is an important element in Ukraine’s recovery strategy.
“Energy infrastructure, housing, critical infrastructure, economy and humanitarian demining are our five priorities for this year. Part of the restoration work has already been done, and I am grateful for this to our partners from the EU, the US and the World Bank,” added the head of government.
He also expressed his gratitude to the World Bank for the up-to-date and thorough analysis, which will be an important tool for Ukraine and partners in implementing the recovery projects that have already begun.
On the eve of the World Bank said that the restoration of the Ukrainian economy will cost 411 billion dollars. The amount of funds needed has increased significantly from the $349 billion estimate released in September last year.
It has also been reported that rebuilding Ukraine after the war may require up to 1 trillion euros (1.1 trillion dollars). Such data was announced by the head of the European Investment Bank (EIB), Werner Hoyer.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.