Ukraine needs $14 billion to cover its most urgent needs in 2023, Finance Minister Serhiy Marchenko said at the first event of the newly created Platform for the Restoration of Ukraine, Ukrinform reports.
"We are now actively searching for possible sources to finance this need," the head of the Ministry of Finance said.
According to him, this amount is needed not only to rebuild housing, social infrastructure, schools, hospitals and orphanages but also to restore businesses and create conditions for their operation.
He noted that Ukraine has identified five priorities for recovery at this stage:
- energy infrastructure
- humanitarian demining
- housing reconstruction
- critical and social infrastructure
- support for small and medium-sized businesses.
In 2023, $5.7 billion is needed to rebuild bridges, roads, educational institutions and other social infrastructure. Experts estimate the need for business support at $2.7 billion.
Ukraine will not be able to get the economy back on its feet without attracting investments from outside, the Finance Ministry head stated.
Last week, the World Bank estimated Ukraine's recovery needs at $411 billion.
Last year, after Russia's invasion, NATO allies provided Ukraine with military, humanitarian and financial assistance worth about $120 billion.