Russia’s invasion of Ukraine continues to inflict a devastating toll on the country and is causing serious global repercussions. Ukraine’s recovery, reconstruction, and operating needs are staggering. According to the recent Rapid Damage and Needs Assessment (RDNA2), the estimated cost of Ukraine’s recovery and reconstruction stands at $411 billion over the next decade. For 2023, Ukraine is facing an additional funding gap of $11 billion for critical economic and capital expenditures. The highest needs are in transport (22%), housing (17%), energy (11%), social protection and livelihoods (10%), explosive hazard management (9%) and agriculture (7%).

The country faces a humanitarian crisis, in 2022 its economy contracted by a third putting its public finances under heavy pressure. With donor contributions, as of  June 29, 2023, the World Bank has already mobilized almost $37.5 billion in critically needed financing. The Bank has also started to secure medium-term financing to address Ukraine’s needs while the war is ongoing and after it ends.

The second Rapid Damage and Needs Assessment (RDNA2) provides a comprehensive evaluation of war impacts across twenty different sectors. It quantifies the direct physical damage to infrastructure and buildings and describes the impact on people’s lives and livelihoods. The RDNA2 also includes the amounts needed for recovery and reconstruction. The RDNA2 estimates Ukraine will need $14 billion for critical and priority reconstruction and recovery investments in 2023.  Meeting these needs will require $11 billion in financing beyond what the government has already addressed in its 2023 budget, including $6 billion in unfunded budget needs and another $5 billion in financing to support state-owned enterprises (SOEs) and catalyze the private sector.

The report finds direct damages to buildings and infrastructure comes to more than US$135 billion   across the following most affected areas: housing (37 percent), transport (26 percent), energy (8 percent), commerce and industry (8 percent), and agriculture (6 percent). Energy, housing, and transport sectors have seen the greatest increase in direct damages, since the RDNA1 estimates. Agricultural damage is also significantly higher, reflecting both increased asset destruction and more precise data.

To learn more about how to participate in the tendering process of these projects please watch the webinar provided by the World Bank Group.

There are also opportunities to provide consulting work. To find those opportunities please go to the RfxNOw website. To learn more about the Trust Fund which provides the funding for the work see below.

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URT – Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund (URTF)

Russia’s invasion of Ukraine has inflicted a devastating human, social and economic toll on the country: 

• Ukraine needs about $3-4 billion a month in 2023 to continue running essential government services, including core public services in health, education, and social protection
• Urgent investment is needed to repair destroyed energy infrastructure, roads, bridges, housing, schools and clinics
• At least $105 billion will be needed over the next three years to address these and other critical needs

The Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund (URTF) is a fast and flexible platform that allows the World Bank to prioritize and channel funding to the most urgent development needs identified by the Ukrainian government. 

Ukraine Relief, Recovery, Reconstruction and Reform Trust Fund (worldbank.org)

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