Ukraine needs $14.1 bn for reconstruction this year

By IANS | Published: April 6, 2023 01:39 PM2023-04-06T13:39:03+5:302023-04-06T13:50:17+5:30

Kiev, April 6 Amid Russia's full scale invasion of Kiev, Ukraine needs about $14.1 billion this year to ...

Ukraine needs $14.1 bn for reconstruction this year | Ukraine needs $14.1 bn for reconstruction this year

Ukraine needs $14.1 bn for reconstruction this year

Kiev, April 6 Amid Russia's full scale invasion of Kiev, Ukraine needs about $14.1 billion this year to implement rapid recovery in war-affected areas, the Finance Ministry said.

Out of the amount, some $3.3 billion has been allocated from the state budget, and the government hopes to raise the remaining funds from donors and the private sector, Xinhua news agency quoted the Ministry as saying in a statement.

According to the statement, Ukraine plans to collect part of the money through the Multi-Agency Donor Coordination Platform.

This year, the government will focus on rapid recovery in such areas as energy infrastructure, humanitarian demining, and restoration of damaged housing.

The reconstruction of critical and social infrastructure, and support for small and medium-sized businesses are also among government priorities.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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