05 December 2022 09: 04
Headings: World News Policy Economy

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.

Reading time

Minutes to read:


World Bank: By the end of 2022, 8 million Ukrainians will live below the poverty line

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.

Subscribe to our news in Google News
Follow to telegram channel Klymenko Time
Follow to analytical telegram channel Klymenko Time

Did you like the material? Give him 5 stars. This is important for editors!


Share post

Add Klymenko Time to your source list



Fresh Popular
More opinions About
Facebook Telegram Twitter Viber

You can close this window and continue reading. Or you can support our team with a small donation so that we can continue to write and shoot videos about what is really important for you and me, to influence the decisions of the authorities and society together

Become a friend