Ukraine's recovery plan calls for $750 billion in investment over 10 years

4 July 2022, 09:35 PM

EU integration and private sector economy are the pillars of Ukraine’s recovery plan, President Volodymyr Zelesnkyy presented at the Ukraine Recovery Conference in Lugano, Switzerland, on July 4.

The 10-year plan aims to establish conditions for the rapid and sustained post-war economic recovery of Ukraine. To that end, it calls for the following investment breakdown across various National Programs:

  • Investment climate reform (revamping anti-corruption agencies and the final privatization push): $0.1 billion;
  • E-governance: $0.1 billion;
  • National security and defense: $50 billion;
  • EU integration: $1 billion;
  • Environmental recovery: $20 billion;
  • Energy independence and green economy transition: $130 billion;
  • Business environment streamlining: $5 billion;
  • Competitive access to capital markets: $75 billion;
  • Macro financial stability fund: $60-80 billion;
  • High added value sector economic development: $50 billion;
  • Logistical infrastructure investment: $120-160 billion;
  • Rebuilding housing and regional infrastructure: $150-250 billion;
  • Social infrastructure investment: $35 billion;
  • Education: $5 billion;
  • Healthcare: $5 billion;
  • Culture and sports: $20 billion;
  • Social security safety net: $7 billion.

Ad

The proposal outlines over 850 individual projects, all based on five pillars: urgent start and gradual development, expanding equitable welfare growth, EU integration, bouncing back to and beyond pre-war development levels, and encouraging private investment.

Ukrainian Prime Minister Denys Shmyhal earlier said that seized Russian assets in the West would be a major source of funding for the recovery plan.

Follow us on Twitter, Facebook and Google News

Show more news