Ukraine’s Recovery Needs Amount to About USD 486 bln. This is evidenced by the results of the Rapid Damage and Needs Assessment (RDNA3), prepared in cooperation with the Government of Ukraine, the World Bank Group, the European Commission, and the United Nations. The report covers the period from February 24, 2022, to December 31, 2023.

Compared to the estimate of the previous period—the first year after the full-scale invasion—the cost of post-war recovery has increased by USD 75 billion and reached almost USD 486 billion. This amount is almost three times higher than Ukraine’s nominal GDP in 2023.

The direct losses from the war have also increased, although insignificantly: experts estimated them at USD 152 billion. Among the most affected sectors are residential infrastructure (56 billion), transport (34 billion), trade and industry (16 billion), agriculture and energy (10 billion). 

Donetsk, Kharkiv, Luhansk, Zaporizhzhia, Kherson and Kyiv oblasts remain the most affected.

According to the updated estimate, in 2024, Ukraine will need USD 15.3 billion for critical recovery projects. But the difference between the need and available resources is about USD 10.5 billion.

According to experts, the key measures to improve the effectiveness of recovery should be:

      identification of strategic priorities and recovery sectors by the government;

      accelerated implementation of reforms for economic growth;

      improvement of public finance management systems, procurement, budget planning;

      attracting private investment through accelerating reforms in the field of competition protection and deepening integration with the EU and international markets;

      strengthening the capacities of local authorities.