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According to the World Bank, rebuilding Ukraine will cost $411 billion

By 03/23/2023 12:49 PMNo CommentsBy YidInfo Staff

According to a World Bank estimate published on Wednesday, the cost of Ukraine’s rehabilitation and reconstruction following Russia’s invasion will be $411 billion over the following ten years, with $5 billion alone going toward clearing the battle debris.

At least 9,655 civilian deaths have been recorded, including 465 children; approximately 2 million dwellings have suffered damage; more than one out of every five public health institutions have suffered injury; and 650 ambulances have been damaged or looted, according to the report.

Without accounting for additional economic harm, the World Bank estimated that direct damages to buildings and infrastructure totaled $135 billion up to this point.

In a conference call with reporters, Anna Bjerde, the World Bank vice president for Europe and Central Asia, remarked that the damage would be even worse if it weren’t for the strong defense put up by the Ukrainian army.

She claimed that Donetsk, Kharkiv, Luhansk, and Kherson are the only areas along the front lines that have sustained the most damage.

According to the World Bank, the invasion by Russia has already undone 15 years of economic growth in Ukraine, reduced its GDP by 29%, and pushed 1.7 million people into poverty.

The World Bank Group, the European Commission, the United Nations, and the Ukrainian government participated in the assessment.

The conclusions are intended to direct the budgeting and execution of an ongoing rehabilitation effort in Ukraine.

The targeted Russian attacks on the electrical grid and other energy hubs during the winter have caused the most recent rise in damage to Ukraine’s energy industry.

The World Bank reported that the total damage to the energy sector is now five times bigger than last summer.


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