In Lugano, Switzerland, Ukraine introduced a post-war recovery plan with a cost of more than $750B, which will include 850 projects to rebuild the country, announced the Lugano conference’s website. The program is planned for 10 years, from 2023 to 2032, and will take place in two phases. The first will last from 2023-2025, in which most of the planned projects, 580, are to be implemented. These three years will cost more than $350B. The second phase will contain fewer projects but require more financing – more than $400B. During these ten years, the plan stipulates that the Ukrainian economy will grow by 7% annually. The most expensive programs are:
- the restoration and modernization of housing and the infrastructure in all regions will require $150-$250B
- the expansion and integration of logistics with the EU will cost $120-$150B
- providing for energy independence and green conversion will cost $150B
- macro-financial stability will require $60–$80B
- ensuring competitive access to capital requires $75B
- developing value-added sectors of the economy will cost $50B
- spending in the defense sector will total $50B