• Українською
  • Government, World Bank, European Commission and UN present report on damage caused to Ukraine by russia during a year of war
    Ministry of Finance of Ukraine, posted 23 March 2023 18:33

    On March 23, the Government of Ukraine, the World Bank Group, the European Commission and the United Nations presented the Second Ukraine Rapid Damage and Needs Assessment (RDNA2) report.

    On the Ukrainian side, the presentation was attended by Prime Minister of Ukraine Denys Shmyhal, Minister of Finance of Ukraine Sergii Marchenko, and Deputy Minister for Communities, Territories and Infrastructure Development of Ukraine for European Integration Anna Yurchenko.

    “russia’s invasion of Ukraine has caused significant losses to our country. And we have a long way to rebuild. RDNA2 will become a tool and foundation for coordinating efforts with our international partners. It should also make the reconstruction process more efficient and rapid due to clearly defined key areas and priorities for reconstruction,” commented Sergii Marchenko.

    The Second Ukraine Rapid Damage and Needs Assessment report presents findings on Ukraine’s losses from the russia’s war between February 24, 2022 and February 24, 2023. The report also assesses the country’s short-, medium-, and long-term reconstruction and recovery needs.

    Ukraine’s direct losses for the year of full-scale war are estimated at more than USD 135 billion. Economic losses, including disruption of economic flows, production, and additional costs associated with the war, reach USD 290 billion.

    According to the report, Ukraine’s reconstruction and recovery needs are estimated at approximately USD 411 billion. At the same time, in 2023, Ukraine needs USD 14 billion to implement rapid recovery, including the restoration of energy, housing, critical and social infrastructure, basic services for the most vulnerable, humanitarian demining and private sector development.

    The Minister of Finance noted that USD 3.3 billion out of the USD 14 billion needed for the rapid recovery had already been allocated from the State Budget, in particular, to finance the 5-7-9 Program, the Fund for the liquidation of the consequences of armed aggression, the Road Fund and others. To finance the remaining nearly USD 11 billion, the Government of Ukraine is counting on the support of donors and the private sector.

    During a panel discussion at the presentation, Sergii Marchenko noted that the report’s estimates, verified and agreed upon by the Government of Ukraine, the World Bank, the European Commission and the UN, would help consolidate additional funds for recovery, as they provided international partners with a clear understanding of the country’s needs.

    As a reminder, in September 2022, the first joint report of the Government of Ukraine, the World Bank and the European Commission, Ukraine Rapid Damage and Needs Assessment, was presented. It provided an analysis of Ukraine’s losses in the period from February 24 to June 1, 2022.