Shmyhal outlines key aspects of Ukraine Recovery Conference in London
"Soon, a large international conference on the restoration of Ukraine will begin in London. This is a continuation of the movement towards a major reconstruction that we started a year ago in Lugano. Our goal is to mobilize as much international support as possible and establish mechanisms by which this aid will arrive in a timely and rhythmic manner. It is about both quick recovery – what is needed here and now – and long-term reconstruction," Shmyhal said at the Cabinet’s meeting on Monday, Ukrinform reports.
He noted that, according to the World Bank's estimates, $14.1 billion will be needed for the rapid recovery of Ukraine in 2023. According to him, the sum will increase after the Russian terrorist attack on the Kakhovka HPP. Thus, Shmyhal noted, Ukraine is already working on an accurate assessment of the damage caused.
"During the conference in London, we will focus on three key aspects. The first is rapid recovery, energy, critical social infrastructure, especially housing recovery. We need to mobilize the necessary resources for reconstruction. During the conference, there will be a meeting of the Multi-agency Donor Coordination Platform, the so-called ‘financial Ramstein’. We expect efficient solutions," Shmyhal said.
The second aspect is the attraction of private investments.
"We will present the most promising areas for investment. We will take an important step in the issue of military and political risk insurance for investors," the Head of Government added.
And the third aspect, according to him, is the regions.
"We strive to activate horizontal connections between Ukrainian communities and international partners for the implementation of restoration projects. More than 200 projects have already been launched, we want there to be many more of them. Following the conference in London, we expect to sign several important agreements, memoranda, and declarations that will speed up our reconstruction and development," Shmyhal noted.
As reported, Ukraine Recovery Conference will be held in London on June 21 to determine the priority, medium-term, and long-term tasks for the post-war reconstruction and modernization of Ukraine.
