Ukraine needs 14.1B USD for reconstruction this year

Ukraine needs about 14.1 billion U.S. dollars this year to implement rapid recovery in conflict-affected areas, the Finance Ministry said Wednesday.

Out of the amount,

some 3.3 billion dollars has been allocated from the state budget, and the Ukrainian government hopes to raise the remaining funds from donors and the private sector, the ministry said in a statement.

According to the statement, Ukraine plans to collect part of the money through the Multi-Agency Donor Coordination Platform.

This year, the Ukrainian government will focus on rapid recovery in such areas as energy infrastructure, humanitarian demining, and restoration of damaged housing.

The reconstruction of critical and social infrastructure, and support for small and medium-sized businesses are also among government priorities.

Launched on Jan. 26, the Multi-Agency Donor Coordination Platform is aimed at coordinating existing and new mechanisms to support Ukraine's budget, as well as rapid recovery and reconstruction, according to the statement.