The cost of rebuilding Ukraine after the end of the conflict is likely to substantially exceed $350 billion, World Bank President David Malpas said Thursday at a Reuters Next event in New York.
“I expect that the estimated $350bn recovery cost could be well exceeded,” – he said.
Malpas noted that the restoration of Ukraine’s infrastructure, primarily its energy system, would require significant costs.
At the same time, he noted that he does not yet notice “donor fatigue” due to the need to allocate more and more funds to Ukraine.
“In the past year, through the World Bank, we transferred to Ukraine about $ 18 billion, a significant part of which was received from the United States,” he pointed out.
Formerly Managing Director of the International Monetary Fund Kristalina Georgieva said that in 2023 Ukraine will need monthly support in the amount of $ 3-5 billion.