World Bank helps Indonesia’s agriculture sector become more resilient

In a joint assessment published today, the Ukrainian government, the European Commission and the World Bank, in cooperation with partners, estimate that the current cost of reconstruction and recovery in Ukraine amounts to 349 billion dollars (349 billion euros). This figure is expected to increase in the coming months as the war continues.

The Rapid Damage and Needs Assessment (RDNA) presents the first comprehensive assessment of the impacts of the war in twenty different sectors after the Russian invasion. It also outlines financing needs for resilient, inclusive and sustainable recovery and reconstruction and provides a roadmap for planning.

President of the European Commission Ursula von der Leyensaid: “Ukraine is fighting for democracy and our common values. The EU cannot match the sacrifice that Ukraine is enduring, but we are mobilizing all our instruments to meet the most immediate needs, including for the accommodation of internally displaced populations and to repair essential infrastructure. Since the start of Russia’s brutal and illegal war of aggression against Ukraine, the EU has mobilized €10 billion in funding, humanitarian, emergency and military aid for Ukraine and €5 billion additional euros are in preparation. The EU will accompany Ukraine every step of the way to rebuild a democratic, independent and prosperous country on the way to the EU.”

“With joint efforts, we have already started reconstruction in the deoccupied Ukrainian territories, but the reconstruction requires a comprehensive approach and the mobilization of joint resources from the Ukrainian government and international partners. Assessing the destruction and identifying reconstruction needs creates a solid basis for the National Reconstruction Plan and is a prerequisite for effective funding. After all, only for the first stage, the rapid recovery, 17 billion dollars are needed, of which Ukraine already needs 3.4 billion dollars this year,” said Ukrainian Prime Minister Denys Shmyhal.

The assessment covers the impacts of war suffered between February 24 and June 1, 2022, and found that physical damage from war reached more than $97 billion. It was particularly high in the housing, transport, commerce and industry sectors. The destruction was concentrated in Chernihivska, Donetska, Luhanska, Kharkivska, Kyivska and Zaporizka oblasts.

RDNA results are preliminary, and damages and requirements should be considered minimums.

“The Russian invasion of Ukraine continues to take a heavy toll, ranging from significant civilian casualties and the displacement of millions to the widespread destruction of homes, businesses, social institutions and economic activity.,” said Anna BjerdeWorld Bank Regional Vice President for Europe and Central Asia. “The Government of Ukraine now faces the difficult task of balancing the recovery with the country’s immediate needs, including basic public services such as health, education and social protection, which are essential to prevent further deterioration. living conditions and poverty in Ukraine. The RDNA will help identify priorities for recovery while continuing to support the continuation of essential basic services.”

The report revealed that recovery and reconstruction needs in the social, productive and infrastructure sectors total $349 billion, more than 1.5 times Ukraine’s 2021 GDP. Over the next 36 months, the RDNA assesses that $105 billion is needed to meet urgent needs such as restoring education and health systems and infrastructure, preparing for next winter through restoring heating and power to homes, supporting agriculture and the repair of vital transport routes. The safe management of debris and explosives, including landmines, also represents a substantial cost.

The Ukrainian government is examining the specific needs in the different regions before winter. Based on the highest priorities, tailored recovery and reconstruction plans are being developed to guide a program in each area.

The World Bank and the European Commission have confirmed their continued support for the Ukrainian government. In view of the ongoing war, it will be necessary to assess damages, losses and reconstruction/recovery needs in Ukraine in the future. The Swiss State Secretariat for Economic Affairs (SECO) has made a financial commitment for this purpose.

Related