The cost of Ukraine’s post-war reconstruction over the next decade will be about $524 billion, nearly three times the country’s nominal GDP in 2024.
This was stated by the Acting Permanent Representative of the United Nations Development Programme (UNDP) in Ukraine, Christophoros Politis, at the “Government and Business Forum: from Dialogue to Partnership” held today in Kyiv.
“According to a rapid assessment of Ukraine’s damages and needs, the cost of rebuilding the country over the next ten years will reach $524 billion, which is approximately 2.8 times higher than the nominal GDP for 2024. We are facing needs that far exceed the capacities of the public and private sectors, as well as international aid,” said Politis.
He noted that since the start of Russia’s full-scale invasion, over $1 billion in grants has been mobilized, but this amount is insufficient compared to the real needs.
Politis emphasized that the private sector is not only a partner in Ukraine’s recovery process but also a “key mechanism” for strengthening resilience and improving the lives of Ukrainians.
He also highlighted the need to create a safe environment for project implementation.
“The ecosystem will only work if we also have three safe elements. First of all, investing in human capital… Second, localization… Third, development and innovative financing,” said Politis.
He explained that investment in human capital includes education, healthcare, employment, housing, and social protection. Localization means strengthening the capacity of local governments and communities to ensure not only reconstruction but also the return of people to their homes. Innovative financing involves developing new models to attract private capital.
“Our ambitious goal is to promote $4–5 of investments for every dollar invested in the UNDP program during 2025–2029,” Politis stressed.
