Ukraine's reconstruction and recovery needs have grown to $411 billion, just over a year since Russia's invasion, the World Bank said Wednesday.
The assessment, made jointly by Ukraine's government, the World Bank, the European Commission and the United Nations, is an increase from the $349 billion estimated in a report released in September.
The latest evaluation expects Kyiv to require $14 billion for critical and priority reconstruction and recovery investments in 2023.
Meeting these needs will call for $11 billion in financing beyond what Ukraine's government has already addressed in its 2023 budget, according to the assessment.
Russia's invasion of Ukraine in February 2022 has displaced millions of people, and global food and energy prices surged on the fallout from the war.
Ukraine's reconstruction will "take several years," said the World Bank's vice president for Europe and Central Asia, Anna Bjerde.
Some of the country's needs have been met as well by Ukraine's government, with support from its partners. »