Updated Ukraine Rapid Damage and Needs Assessment

March 31, 2023

For your information, the news article by TSN.ua (in Ukrainian) with data from European Business Association as to features of the Ukrainian military budget and key areas for emergency recovery.

Thus, monthly Ukraine’s expenditures total UAH 130 billion, which dramatically exceeds budget revenue.

Additionally, under the updated joint assessment Ukraine – Rapid Damage and Needs Assessment: February 2022 – 2023 (RDNA2) based on the first year of the Russian invasion in Ukraine carried by the Government of Ukraine, the World Bank Group, the European Commission, and the United Nations, the cost of reconstruction and recovery in Ukraine has grown to $411 billion, 2.6 times the country’s estimated 2022 GDP.

According to Denys Shmyhal, Ukrainian Prime Minister, this updated assessment “creates a solid base for our recovery”.

The updated report was published in late March.

In addition, Rubryka (in Ukrainian) cites Denys Shmyhal estimating the need in emergency recovery financing as $17 billion, which is to be implemented by means of Financial Rammstein later this year in four areas: energy, housing, explosive hazard management and critical infrastructure.

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