Scholz is preparing the world community for a long recovery after the end of the war. According to German Chancellor Olaf Scholz, there will be no quick end to the war that the Russian Federation started against Ukraine. Therefore, he urged the international community to be prepared be... #OlafScholz #UkraineRecovery #WarinUkraine
MIGA has launched a trust fund to support Ukraine’s reconstruction and economy – the first $23M has been provided by Japan. The fund, SURE, is a new initiative to solve humanitarian problems and support economic activity and recovery in Ukraine. MIGA expects the fund to grow to $300M with contributions from additional dono... #InvestmentsinUkraine #MIGA #SURE #UkraineRecovery
The Ukrainian Prime Minister has revealed the new IMF program’s details. The Ukrainian authorities want to start a new program with the International Monetary Fund in the first quarter of this year. It will consist of two parts: immediate financial support during the war, ... #DenysShmyhal #IMFprogramforUkraine #UkraineRecovery
Germany is ready to transfer Russian assets to Ukraine, and the US and the EU are putting pressure on Switzerland. The German authorities are ready to send frozen Russian assets to restore Ukraine if there is a legal basis for this and the allies act similarly. As Bloomberg writes, Olaf Scholz’s government g... #OlafScholz #RussianAssetsConfiscation #UkraineRecovery
War damage to Ukraine’s economy has already reached $700B. According to Prime Minister Denys Shmyhal, it is planned to conduct another identification of Ukraine’s needs for the fastest possible recovery together with the World Bank. Shmyhal added that t... #DenysShmyhal #UkraineRecovery #UkraineWarDamages
In 2023, Ukraine may receive $55-$60B in aid from international partners. This includes macro-financial support, support for the rapid restoration of the energy and transport infrastructure, support for the private sector (for the purchase of fuel for sowing), and humanitar... #financialaidforUkraine #InvestmentsinUkraine #RomanKachur #UkraineRecovery
The WB creates a multi-donor trust fund to support Ukraine. On December 16, the World Bank announced the creation of a multi-donor trust fund to support the Ukrainian government in measures that will ensure the state’s critical needs in the current cond... #trustfundforUkraine #UkraineRecovery #WorldBankFunding
The Council of Europe’s Committee of Ministers has adopted a record €50 million Action Plan for Ukraine for 2023-2026. The Committee of Ministers of the Council of Europe has adopted the Resistance, Recovery and Reconstruction action plan for Ukraine in 2023-2026, according to the Council of EU website. In addition to... #UkraineEU #UkraineRecovery #UkrainianActionPlan
The government has allocated €340M to restore social and critical infrastructure in 10 regions. The money was provided to Ukraine under the financial agreement between Ukraine and the European Investment Bank (EIB) within the Ukraine Recovery Program. According to the Ministry of Regions, it is ... #EIBaidforUkraine #InfrastructureofUkraine #UkraineRecovery
The EU Commission is working on directing Russian assets to restore Ukraine. The European Commission proposes the creation of a special court to prosecute Russian crimes in Ukraine and determine the conditions for using frozen Russian assets for Ukraine’s benefit, Ursula von d... #ReparationsForUkraine #RussianAssetsArrested #UkraineRecovery #UrsulavonderLeyen
The government expects to launch the International Trust Fund for the Reconstruction of Ukraine. Minister of Economy of Ukraine Yulia Svyridenko met with Arup Banerjee, Regional Director of the World Bank, to discuss the creation of a fund for Ukraine’s recovery, cooperation in promoting investme... #ArupBanerjee #ReconstructionofUkraine #UkraineRecovery #YuliyaSvyridenko
Denys Shmyhal has named the key factors for Ukraine’s post-war recovery plan. According to the prime minister, security will be one of the key factors in Ukraine’s recovery and development after the war. As Shmyhal explained, it is necessary to develop security infrastructure, ... #DenysShmyhal #UkraineRecovery
Ukraine needs to maintain capital investment at 35% of GDP for at least five years. The Ukraine Ministry of Economy believes that for Ukrainian Economy to enjoy a large increase, Ukraine needs to maintain capital investments at 35% of GDP for at least five years consecutively, said M... #UkraineCapitalInvestments #UkraineGDPduringWar #UkraineRecovery #YuliyaSvyridenko
British business will help rebuild Ukraine’s infrastructure. During the British-Ukrainian Infrastructure Summit in London, Ukraine and the United Kingdom signed a Memorandum on the Infrastructure Restoration of Ukraine. According to the Ministry of Infrastructu... #RebuldingUkraine #UKbusiness #UkraineRecovery
Ukraine’s government is working on a new economic recovery plan. The Ukrainian Parliament Committee on Economic Development supports Ukraine’s economic recovery plan. Here are the nine main principles of the plan: Full access to the EU and G7 markets. This wi... #RebuildingUkraine #RecoveryPlan #ukraine #UkraineRecovery #War
“Ukraine starts to close the gap with Russia” headlines a story in bne Intellinews. “Ukraine is actually outperforming Russia on income growth, industrial production growth and a few other counts,” reads the story. “Wages in Ukraine in dollar ter... #UkraineGrowth #UkraineOutperformsRussia #UkraineRecovery #UkraineRising
