The World Bank wants to provide Ukraine with more financial support, including “urgent repair projects” in the areas of transport, energy and housing. This is what one of the board members, Anna Berdy, said in the run-up to the conference on Ukraine’s recovery.

This conference, which starts tomorrow in London, is about the reconstruction of Ukraine. For example, the country wants to focus on sustainable steel production in the long term. But in the short term, the country is grappling with destroyed infrastructure and homes, as well as a power grid ravaged by Russian bombing. Private parties, such as investment funds, will be present at the conference.

The World Bank has so far transferred more than 19 billion euros to Kiev, mainly in the form of grants. In the coming period, the lender wants to increase its support to Ukrainian farmers and ensure that families are prepared for the winter, Reuters reports. For example, according to the World Bank, more than 700 million euros are needed for home repairs alone. To repair the total damages incurred one year after the war, no less than €376 billion, zo Estimated organization in March.

Niels Warlow