Ukraine: $486 billion needed for recovery and reconstruction
Ukraine will need $486 billion for its recovery and reconstruction after two years of war caused by the Russian invasion, according to estimates published Thursday by the World Bank (WB), the UN, the European Union and the Ukrainian government. The previous valuation published in March 2023 was $411 billion.
Damage is concentrated in the regions of Donetsk (east), Kharkiv (northeast), Luhansk (east), Zaporizhia (south), Kherson (south), all near the current front line, and Kiev (north).
“Nationwide, 10% of housing stock is damaged or destroyed, prolonging the displacement of Ukrainians from their communities”It is added.
The destruction of the Kakhovka Dam (South) and hydroelectric power station in June 2023, blamed by Kiev on Moscow, whose troops occupy the area, “There have been significant negative impacts on the environment and agriculture and exacerbated the difficulties already faced by people struggling to access housing, water, food and health services”The World Bank adds.
This “An in-depth and up-to-date analysis of losses and needs (…) Allows us to set priorities correctly, allocate resources rationally and achieve expected results »Prime Minister of Ukraine Denis Chmyhal commented in a press release.
These assessments do not concern territories currently occupied by Russian troops, as they are inaccessible.
According to the World Bank, the estimated figure of 486 billion over 10 years is housing (17%), followed by transport (15%), commerce and industry (14%), agriculture (12%), energy. (10%), Social Security and Livelihood (9%) and Explosion Risk Management (7%).
