The reconstruction of Ukraine will require more than $580 billion
Ukraine’s recovery over the next decade will require more than $580 billion, and the private sector is expected to play a key role in financing it. World Bank President Ajay Banga made this assessment during the Conference on Ukraine’s Recovery, which is taking place in Gdańsk, Poland.
“The reality is that Ukraine will need more than $580 billion for reconstruction over the next decade,” Banga said on Thursday, June 25. According to him, some of the funds may come from the public sector, but the private sector must play a key role.
However, attracting private investment will not be easy. “The private sector will not come without the rule of law and proper reforms,” Banga emphasized. First and foremost, he mentioned fundamental reforms in the energy sector, particularly in the area of privatization.
Banga also announced that the World Bank is mobilizing 2 billion zlotys to finance the SPUR 2.0 (Special Program for Ukraine Recovery) program with the support of a number of European partners. The program aims to raise approximately $6 billion by using public funding to mobilize private investment in the reconstruction and development of Ukraine’s private sector. SPUR 2.0 operates within the framework of the crisis response mechanism of the International Development Association (IDA), which is part of the World Bank Group.
In closing, Banga emphasized that Ukraine’s future must be determined by Ukrainians themselves. “With our encouragement, with our support, but nothing more. To help, encourage, and support—but beyond that, it is their future and their choice to make. Just as the Poles did when such an opportunity arose for them,” said Banga.
As a reminder, the EU’s main fund for Ukraine’s reconstruction has raised approximately 260 million euros.
A two-day Ukraine Recovery Conference 2026 began on June 25 in Gdańsk, Poland, and is set to become one of the key international platforms for attracting investment and support for the country’s post-war reconstruction.
On the eve of the conference, Polish Prime Minister Donald Tusk expressed hope that the international Ukraine Recovery Conference in Gdańsk would help halt the escalation of tensions between Warsaw and Kyiv.
