Where it comes from and where it's going.
Some 34 countries pledged a combined €500 million to help de-mine Ukraine, led by a 100-million-euro donation from Switzerland, at a donors' conference in Zagreb, Croatia. Pledges made at the conference also included €20 million from Norway, €12.5 million from Sweden, €5 million from Croatia,
The Financial Times published an op-ed by chief economist at German bank LBBW, Moritz Kraemer, calling for the creation of "Ukraine Reconstruction Bonds" backed by either the interest on frozen Russian assets, the European Union or the World Bank. "Investment in Ukraine’s recovery and reconstruction
By Ukraine Rebuild News Staff, Sept 20, 2023 The European Bank of Reconstruction and Development plans to invest about 1.5 billion euros ($1.6 billion) per year in Ukraine this year and next but the figure could rise if reconstruction accelerates, EBRD President Odile Renaud-Basso said at an
By Ukraine Rebuild News Staff, Sept 19, 2023 The 27 foreign affairs ministers of European Union member nations will likely hold their Foreign Affairs Council meeting in Kyiv in early October to show support for Ukraine’s eventual integration into the union, Italian news agency Ansa reported, citing three unnamed
By Ukraine Rebuild News Staff, Sept 15, 2023 The European Parliament passed a resolution calling on the European Union to freeze Belarusian assets and seek to transfer them to Ukraine to pay for reconstruction after the war with Russia, and asking the International Criminal Court (ICC) to issue an arrest
By Ukraine Rebuild News Staff, Sept 14, 2023 Most citizens of Western or Western-allied nations agree that their government should financially support the reconstruction of Ukraine and that the country should be allowed to join the European Union and Nato, according to a 14-nation survey. Some 69% say
Ukraine Rebuild Newswire Staff, Sept 11, 2023 South Korean President Yoon Suk Yeol announced an aid package of $2.3 billion for the reconstruction of Ukraine, including $300 million in aid next year and $2 billion in low-cost loans from 2025, the Korea Times reported from the G20 summit
Ukraine Rebuild Newswire Staff The promise of European Union membership will accelerate the reconstruction of Ukraine more reliably than the money likely to be offered by international donors when the war with Russia ends, said Beata Javorcik, the chief economist of the European Bank for Reconstruction and Development. As Ukraine
By Ukraine Rebuild News Staff The European Bank for Reconstruction and Development has re-allocated 182 million euros ($197 million) from planned works in southern Ukraine to a major highway upgrade in the west of the country as the Russian invasion has shifted transportation patterns. The loan will be used
By Ukraine Rebuild News Staff Denmark will contribute 1.2 billion Danish kroner ($173 million) to the “early recovery and reconstruction of Ukraine” next year, the Danish Ministry of Foreign Affairs said in a press release. The government allocated more than half of that sum, or 631 million kroner, specifically
By Ukraine Rebuild News Staff The World Bank has announced $232 million in financing to help homeowners in Ukraine repair shattered windows, damaged roofs and other non-structural damage from the ongoing war. The financing for the Housing Repair for People's Empowerment Project (HOPE) project will help repair
By Ukraine Rebuild News Staff The government of South Korea, which has launched a campaign in recent months to support Korean companies seeking to join the Ukraine reconstruction, has earmarked 520 billion won (US$393 million) in its 2024 budget in support for Ukraine, news agency Yonhap reportedTuesday. The allocation,
By Ukraine Rebuild News Staff A reconstruction fund created by major international firms for the government of Ukraine aims to raise $10 billion from governments, multinational organizations and other large donors, then use it to generate at least $50 billion in investments in the country, Ukrainian Deputy Economy Minister Oleksandr
By Ukraine Rebuild News Staff Nobel Prize-winning economist Ken Rogoff, who serves on a panel advising Ukraine’s government, doubled his estimates of the country’s war recovery costs to as much as $1.2 trillion and called on Europe to spearhead the reconstruction. “After more than 500 days
