Ukraine’s post-war reconstruction to require hundreds of billions of dollars
The process of restoring property damaged by Russian armed aggression has already begun, but it will require significant funds in the framework of international support, German Ambassador to Ukraine Anka Feldhusen wrote in an article for the Kyiv Security Forum.
“The Ukrainian government, along with the EU and the World Bank, has calculated that the financial needs for the reconstruction of currently lost and damaged property will amount to more than $400 billion in the next decade. Maintaining the confidence of lawmakers in partner countries who will allocate these funds to Ukraine will require Ukraine to become an example of corruption prevention. ‘Building back better’ requires the rule of law, anti-corruption and good governance as the first prerequisites,” the ambassador said.