Denys Shmyhal: USD 14 billion needed this year for Ukraine’s restoration

For Ukrainian citizens to return to their homeland, for the aggressor to lose not only on the battlefield but literally in everything, Ukraine needs the approval of a support programme to cover the priority projects of fast recovery. For these purposes, $14 billion is needed in 2023.

Prime Minister of Ukraine Denys Shmyhal said this at the ministerial roundtable discussion for support to Ukraine that took place during the Spring Meetings of the World Bank Group and the International Monetary Fund.

“In 2023, $14 billion is needed for fast recovery projects. We negotiate with partners to raise all the necessary funds already this summer. In this way, we will be able to complete all the tasks in the five priority areas of recovery,” the Head of the Government of Ukraine noted.

According to him, five priorities for fast recovery have been identified for this year, namely:

• Energy sector reconstruction
• Humanitarian demining
• Housing restoration
• Critical and social infrastructure
• Private sector development

According to Shmyhal, the donor platform will ensure efficient coordination of efforts to restore and rebuild Ukraine.

As a reminder, according to the Prime Minister, international partners will provide Ukraine with $115 billion in long-term financial assistance.

Bohdan Marusyak