The Government of Ukraine, the European Commission and the World Bank presented the report “Ukraine Rapid Damage and Needs Assessment”

Today, September 9, The World Bank, the Government of Ukraine, and the European Commission are launching the joint report “Ukraine Rapid Damage and Needs Assessment (RDNA)”, prepared in coordination with, and supported by development partners and other stakeholders.

From the Ukrainian side, the Prime Minister of Ukraine Denys Shmyhal, the Minister of Community Development and Territories of Ukraine Oleksiy Chernyshov, the Minister of Infrastructure of Ukraine Oleksandr Kubrakov and the Deputy Minister of Finance of Ukraine Olga Zykova took part in the presentation.

“Today's presentation and discussion of the recovery of Ukraine is the result of the bravery and devotion of the Ukrainian people to their country. We have already survived 6 months of war, which most of our international partners could not imagine. We know that the damage caused by the war is catastrophic, but the presented report allows us to give a quantitative assessment. Today, it is the basis for the further implementation of the recovery plan”, Olga Zykova noted during the speech.

The report  “Ukraine Rapid Damage and Needs Assessment” provides estimations on Ukraine's losses from the war with russia in the period from February 24 to June 1, 2022, and outlines the country's short-, medium- and long-term needs for reconstruction and recovery. According to the report, Ukraine needs USD 105 billion over the next 36 months to address urgent needs such as rebuilding the education, health and infrastructure systems, preparing for the coming winter by restoring heating and power in the buildings, supporting agriculture and repairing vital important transport routes.

Since the beginning of the full-scale russian war, a coordinated combination of policy measures has helped the Government of Ukraine to adapt to the new realities of the war, including successfully attracting foreign financing to cover all priority expenditures. The total amount of soft financing raised concessional February 24 is almost USD 18 billion. However, the war continues, and the need for both budgetary funding and rapid reconstruction is only growing.

That is why the publication of the report is very timely, in 2023 Ukraine will need additional external financing - both to cover priority budgetary needs, first of all - social expenditures, to maintain macro-financial stability and to implement the first stage of recovery.

Olga Zykova noted that the calculations of the report “Ukraine Rapid Damage and Needs Assessment” will help to attract additional funds, as data and forecasts verified by the World Bank give foreign partners an understanding of Ukraine's needs. Therefore, it is necessary to carry out work on the mobilization of separate external financing for the most urgent reconstruction needs.

The need for rapid recovery is USD 17 billion, of which USD 3.4 billion is the most urgent over the next quarter. Therefore, today Ukraine, together with the World Bank, is considering various mechanisms for attracting funds from international partners, including through Financial Mediation Funds and directing private investments for humanitarian purposes.

Information

The internationally recognized Damage and Loss Assessment (DaLA) methodology was used to assess the damages and needs of Ukraine. This provides a comprehensive assessment of damages and needs for restoration.