By the end of the year, Ukraine needs another $9.5B for urgent recovery.

According to the Ministry of Finance, Ukraine needs another $9.5B this year to finance its priority recovery needs. In particular, the money is needed for the defense industry, the energy system, restoration of damaged housing, agriculture, natural resources, digital technologies, and the IT sector.

In 2024, Ukraine needs $15.3B for rapid recovery, with $5.5B already having been financed through the state budget and donor support.

Deputy Minister of Finance Olha Zykova noted: “Creating a favorable environment for investment involves improving access to financing investment projects, providing insurance against military and political risks, and introducing state support mechanisms. The Government of Ukraine actively cooperates with several partners and is committed to implementing steps to improve this process”.

Within the investment component of the EU Ukraine Facility instrument, the Ukraine Investment Framework is implemented, which aims to mobilize investment to support the Ukrainian private sector.