World Bank Report on Ukraine: Thousands of people have lost their lives in the Russia-Ukraine War, along with millions of people have fled. There has been huge damage to the infrastructure. Property worth billions of dollars in Ukraine has been destroyed by destructive weapons and missiles. This loss is so much that it will take years for Ukraine to recover from it. The World Bank says that $ 411 billion will have to be spent for the reconstruction of war-torn Ukraine, this amount will also fall short, because the war is still going on.
Over $400bn to be spent over 10 years
As Al Jazeera reports, the World Bank has estimated that Ukraine will need to spend $411 billion over the next 10 years to recover and rebuild from Russia’s war, which only includes the bill for clearing debris from devastated towns and cities. would be 5 billion dollars. The report released on Wednesday by the World Bank said that “these estimates should also be considered as minimum, because the needs will continue to grow as long as the war continues.”
Earlier it was estimated to cost $ 349 billion
The $411 billion valuation, estimated jointly by Ukraine’s government, the World Bank, the European Commission and the United Nations, marked an increase from the $349 billion estimated in a report released by the bank in September. That is, earlier it was estimated that $ 349 billion would be spent to get Ukraine out of ruin. Now a latest report has come, in which this expenditure has increased to more than 400 billion dollars.
About 10 thousand people have lost their lives
The report does not add up to some of the economic and human losses incurred during the war, with nearly 2 million homes damaged, 650 ambulances damaged or stolen, and at least 9,655 confirmed civilian deaths, including 461 children. Are included. “Ukraine’s reconstruction will take years,” World Bank Vice President Anna Bjerde said on Wednesday, estimating the cost of direct damage to buildings and infrastructure at $135 billion so far.
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