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Ukraine reconstruction to cost $349b: report
CGTN
Women carry their belongings as they walk in a deserted street of Ukrainian capital of Kyiv on March 1, 2022./CFP

Women carry their belongings as they walk in a deserted street of Ukrainian capital of Kyiv on March 1, 2022./CFP

Ukraine recovery and reconstruction will cost an estimated $349 billion, according to a joint report issued Friday by Ukraine, the European Commission, and the World Bank.

The figure, which totals 1.5 times the size of the Ukrainian economy, is considered a minimum and is expected to grow in the coming months as the fight continues, the report said.

Source: Ukraine Rapid Damage and Needs Assessment Report

Source: Ukraine Rapid Damage and Needs Assessment Report

Over the next 36 months the report estimates that $105 billion will be needed to address urgent needs, such as restoring education and health systems and infrastructure, preparing for the upcoming winter through restoration of heating and energy to homes, support to agriculture, and repair of vital transport routes.

European Commission President Ursula von der Leyen said the EU has mobilized 10 billion euros ($10.15 billion) "in financing, humanitarian, emergency, and military assistance for Ukraine and another 5 billion euros in financing are in the pipeline."

(Source: AFP with edits)

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