World Bank: By the end of 2022, 8 million Ukrainians will live below the poverty line
At the same time, assessments of the need to finance the post-war reconstruction of Ukraine still differ widely.
This was stated WB Vice President Anna Bjerde. In interview with the German Die Presse she stated that the humanitarian consequences of the Russian-Ukrainian war are truly catastrophic: "...by the end of 2022 eight million people in Ukraine will live below the poverty line. This increases the poverty rate from two to 25 percent of the population."
In addition, Ms. Bjerde assessed the restoration of Ukraine after the end of hostilities in the amount about 500-600 billion euros. This is well above the $350 billion that previously voiced in WB. The increase in cost is obviously caused by missile attacks on Ukraine's infrastructure, which almost doubled the amount of funding required.
At the same time, this amount is still well below the $1 trillion requestwho voiced President Volodymyr Zelensky в video message to the General Assembly of the Bureau International des Expositions, presenting the candidacy of Odessa to host Expo 2030.
Bjerde also added that Ukraine expects lack of spare parts for the repair of electrical substations and the necessary equipment. According to her, the World Bank and Western partners are working to provide Ukraine with the necessary assistance.
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