Feb 23 β€’ 14:06 UTC πŸ‡ΈπŸ‡ͺ Sweden Aftonbladet

Ukraine's reconstruction requires 588 billion dollars

The World Bank estimates that Ukraine will need 588 billion dollars for reconstruction after the Russian invasion war.

According to a report published by the World Bank, Ukraine will need approximately 588 billion dollars for rebuilding efforts in the wake of the ongoing war with Russia. This figure reflects the substantial economic damage that has occurred over four years of full-scale conflict, with destruction reaching alarming levels across the country. The latest estimate indicates a twelve percent increase over predictions made a year ago and amounts to three times Ukraine's annual GDP.

The report highlights that entire regions have been devastated, particularly noting the substantial toll on Ukraine's energy infrastructure due to Russian attacks, which have led to significant economic challenges. The reconstruction funding is envisaged to support recovery efforts over a ten-year period, emphasizing the extensive timeframe needed for rebuilding the war-torn nation. The Ukrainian government, alongside the UN and the EU Commission, has endorsed the World Bank's findings, underscoring the urgency and scale of international support required.

This financial projection has significant implications for Ukraine's economic recovery and highlights the need for ongoing international aid and collaboration. The increased requirement reflects the evolving nature of the conflict and the persistent threats to Ukraine's recovery, establishing a critical framework for future investments and humanitarian assistance that will be needed in the years ahead.

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