Yesterday at 23:58
Following the World Bank’s Fourth Rapid Damage and Needs Assessment (RDNA4), Ukraine’s recovery and reconstruction needs over the next decade will amount to USD 524 billion.
The relevant statement was made by Ukrainian Prime Minister Denys Shmyhal on Telegram, an Ukrinform correspondent reports.
“Ukraine’s recovery and reconstruction needs over the next ten years are expected to amount to USD 524 billion. This is reflected in the World Bank’s new report, RDNA4, assessing the damage and reconstruction needs following the full-scale Russian invasion. The new figure exceeds the previous estimate by USD 38 billion. Such huge numbers mean that recovery must become a global project,” Shmyhal noted.
In his words, the Ukrainian government has already determined the recovery priorities. This includes the ‘build back better’ principle, as well as safety, energy efficiency, accessibility and inclusion principles.
“But, the main principle is that reconstruction must take place even now. The quality of life of millions of people, the prospects for the return of Ukrainians from abroad, and the creation of growth points that will move our economy forward depend on this,” Shmyhal stressed.
The Prime Minister thanked the World Bank for understanding the urgency of recovery projects.
“In particular, this report already identifies 348 priority projects worth USD 17 billion. Of them, we already have USD 7 billion in funding, partial or full, for 127 projects. I thank the World Bank for its thorough and high-quality assessment of Ukraine’s damages and needs. Its results will lay the basis for recovery planning in the near future,” Shmyhal concluded.
A reminder that Ukraine lost 13% of its housing stock due to Russian armed aggression.
