Prime Minister of Ukraine Denys Shmyhal attended the presentation of the Rapid Damage and Recovery Needs Assessment Report for Ukraine, developed by the Government of Ukraine jointly with the World Bank, the European Commission, and the United Nations. This is the second such assessment and it covers the period from February 24, 2022 to February 24, 2023.
Prime Minister of Ukraine Denys Shmyhal noted that as of June last year, the World Bank had estimated the total needs for the reconstruction of Ukraine at USD 349 billion. In the presented report, Ukraine’s reconstruction needs are already running at USD 411 billion.
“Due to the unprecedented russian terror, our damages are only growing. This huge amount does not include all the destruction. After all, we do not know exactly what is happening in the occupied territories, so we cannot estimate the needs for reconstruction after the de-occupation of all Ukrainian lands. At the same time, we understand the need to launch a reconstruction programme this year,” the Prime Minister said.
According to Denys Shmyhal, in order to implement these projects quickly and efficiently, the Government has established the State Agency for Restoration and Infrastructure Development to coordinate the reconstruction process and has already identified five rapid recovery priorities for this year: energy, humanitarian demining, housing, critical and social infrastructure, and private sector development.
“Ukraine is ready to rebuild. There is political will, coordination of all branches and levels of government, expert support, and solidarity of the international community. The report of damages and needs presented today creates a reliable and realistic basis that will allow us to effectively implement our Recovery Plan,” the Prime Minister of Ukraine stressed.
Denys Shmyhal thanked the entire team that had worked on the report and stressed that the assessment would become the foundation for national reconstruction.