Feb 24 β€’ 11:08 UTC πŸ‡«πŸ‡· France France24

Reconstruction of Ukraine's economy could cost $588 billion over 10 years

The World Bank estimates that Ukraine will require $588 billion over the next decade to rebuild its economy after the destruction caused by the conflict with Russia.

As Ukraine marks the fourth anniversary of Russia's full-scale invasion, a new report from the World Bank highlights the extensive economic damage inflicted upon the country, revealing a staggering reconstruction cost of $588 billion over the next ten years. Key sectors such as housing, transport, and energy have suffered significant losses, underscoring the urgent need for international support and investment to revitalize Ukraine's economy and promote recovery.

The report not only draws attention to the immediate financial burden that Ukraine faces but also illustrates the broader implications for regional stability and economic resilience. As the country embarks on this monumental rebuilding effort, successful implementation will depend on coordinated efforts between the Ukrainian government, international partners, and financial institutions, aiming to restore the critical infrastructure and generate sustained growth despite ongoing challenges.

In addition to the estimated costs, the potential for geopolitical repercussions remains significant, as Ukraine's recovery is crucial not only for its own stability but also for the security dynamics in Europe. As the international community reflects on the costs of the ongoing conflict, discussions around the reconstruction efforts may influence future foreign aid and investment decisions, shaping the trajectory of Ukraine's post-war economic landscape.

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