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Ukraine May Need $349 Billion to Recover from War Damage
Posted
September 9, 2022
Views
2,071
Likes
29
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31
Engagement
2.90%
September 9, 2022
2,071
29
31
2.90%
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0:21Now PlayingThe World Bank and the European Commission estimated that Ukraine’s reconstruction will cost at least $349 billion, according to an assessment that covered damage inflicted between Feb. 24 and June 1. The figure will only increase as the war, now in its seventh month, grinds on, the World Bank said.
The first stage will require $17 billion, of which $3.4 billion is needed already this year, Prime Minister Denys Shmyhal said. Ukraine’s government has to balance recovery projects and immediate needs, and the World Bank’s assessment will help the cabinet to prioritize.
Ukraine will need $105 billion over three years to restore education and health systems and heating infrastructure ahead of the winter season and to remove ruins and explosives, the World Bank estimated.
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