Ukraine has indicated that it needs $60 to $65 billion this year to meet its funding requirements, billions more than its allies have so far been able to pledge.
The amount needed immediately includes so called macro-financial stability assistance for emergency budget funding and logistics infrastructure projects. The figure, which excludes defense and security spending, is part of a larger blueprint for the nation’s longer term reconstruction, which is estimated to exceed $750 billion and was unveiled at a conference in the Swiss city of Lugano on Monday.
The recovery plan includes three stages extending over the next decade that start with rebuilding critical infrastructure this year. It eventually envisions restoring the buildings, housing and other property destroyed in the fighting and strengthening public services, and finally using investment to create a modern Ukrainian economy.
