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World Bank's third damage report on Ukraine to update with 10 months of war, set priorities out to 2027

Credit: © UNHCR/Colin Delfosse

The World Bank and partners has started to prepare the third rapid damage and needs assessment (RDNA3) for Ukraine to update its assessment of damage inflicted by the Russian invasion and set priorities for recovery and reconstruction out to 2027, the Ukrainian government said.

The report, being prepared by the World Bank, the European Commission, the United Nations and the Ukrainian government will cover the period of roughly 10 months from Feb 24, when the second assessment left off, until Jan 1 of 2024.

The second report, based on a full year of fighting since the full-scale Russian invasion of Ukraine, estimated it would cost $411 billion to rebuild Ukraine from the damage inflicted by the first year of the full-scale war.

Ukraine's deputy prime minister for the Reconstruction of Ukraine, Oleksandr Kubrakov, said the third report sets out priorities for recovery in 2024 and for the medium term, until 2027, as well as reforms to attract private sector investment.

The first two reports let us "draw up, structure and start the implementation of rapid recovery projects in priority areas for 2023, as well as create a basis and an opportunity to plan the further recovery of Ukraine in the medium term," Kubrakov said. "In 2024, we want to focus on projects that will contribute to economic recovery and create jobs. Such a report makes it possible to clearly define recovery needs and coordinate financial assistance."

Much damage has been inflicted since the second report, most notably with the explosion of the Kakhovka dam on June 6 that unleashed 18 cubic kilometers of water, damaging or destroying more than 37,000 homes in 80 settlements, plus industrial, commercial and agriculture properties.

Damage from that one day, according to a study published last month by the United Nations Development Programme (UNDP), totaled $13.8 billion, with more than half stemming from environmental impacts.

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