More than 60 countries participate in the conference on the reconstruction of Ukraine

0

Officials from more than 60 countries and hundreds of leaders of major international companies will attend the second international conference on the reconstruction of Ukraine next week, the British government announced Saturday.

At the opening of the conference, which will be held on Wednesday and Thursday, British Prime Minister Rishi Sunak addresses the participants by saying in particular that rebuilding Ukraine’s economy is as important as its military strategy, according to a statement issued by Downing Street.

Sunak will stress that Ukraine’s courage on the battlefield must go hand in hand with the private sector’s vision to help the country rebuild and recover.

The Ukrainian President Volodymyr Zelensky will deliver a speech via video link.

Non-governmental organizations are participating in this conference on reconstruction, which is the second to be organized since the beginning of the war after a conference held last year in Lugano, Switzerland.

Among the leaders, the President of the European Commission, Ursula von der Leyen, US Secretary of State Antony Blinken and his French counterpart, Catherine Colonna, expected to attend.

More than a year after the outbreak of the war, the World Bank estimated Ukraine’s urgent needs at $14 billion to repair the damage caused by the battles.

However, the recovery of the country’s economy will cost $441 billion, according to a recent study by the World Bank, the United Nations, the European Union, and the Ukrainian government, an amount that expected to increase with the continuation of the conflict.

The challenge in this conference is also to mobilize the private sector alongside the major international financial institutions.

During the conference, the United Kingdom intends to unveil initiatives in the technology and green energy sectors to facilitate cooperation between British and Ukrainian companies.

Share it...

Leave a Reply

Your email address will not be published. Required fields are marked *