World Bank releases estimate for Ukraine’s reconstruction

As of December 31, 2024, the total cost of reconstruction in Ukraine is estimated at USD 524 billion over the next decade, according to data from the World Bank, the UN, the European Commission, and the Ukrainian government published in the Fourth Rapid Damage and Needs Assessment (RDNA4) following the large-scale russian invasion.

The RDNA4 assessment, which covers damage over nearly three years from February 24, 2022, to December 31, 2024, shows that direct damage in Ukraine has now reached USD 176 billion, up from USD 152 billion in the February 2024 assessment.

At the same time, the most affected sectors are housing, transport, energy, trade and industry, and education.

According to the current assessment, 13% of the total housing stock has been damaged or destroyed, affecting over 2.5 million households.

The energy sector has seen a 70% increase in the number of damaged or destroyed assets since the previous report, including power generation, transmission, distribution infrastructure and district heating.

The largest needs are estimated for the housing sector (nearly USD 84 billion, or 16% of the total). This is followed by transport (nearly USD 78 billion, or 15%), energy and mining (nearly USD 68 billion, or 13%), trade and industry (over USD 64 billion, or 12%), agriculture (over USD 55 billion, or 11%), social protection and livelihoods (over USD 39 billion, or 7%), and explosive ordnance management (nearly USD 30 billion, or 6%).

The report also indicates that the cost of clearing the rubble alone is estimated at almost USD 13 billion.

As the Ukrainian News agency earlier reported, last time the International Monetary Fund mission began work in Kyiv with the 6th review of the Extended Fund Facility on November 12, 2024.

In 2025, it is planned to attract USD 2.7 billion from the IMF based on the results of four quarterly reviews.