The report takes cues from the recovery and reconstruction efforts carried out in other war-torn economies such as Syria, Kosovo, Iraq, Croatia, and Kuwait and offers a robust analytical underpinning for a thorough financial and operational strategy and keen to help Ukraine's early recovery and long-term reconstruction.
"Ukraine must balance and prioritize needs and investments, explore financing options, develop standard systems and procedures to maximum efficiency, ensure the growth of the managerial and technical capacity of implementation units, raise funds for project preparation and create financial strategies for various economic sectors. On other hand, the scale of destruction and financial needs for reconstruction will require a comprehensive and complex coordination mechanism between different actors (IFIs, countries and alliances) that is still in development process. When prepared, all these efforts will truly catapult Ukraine on a path of inclusive, accountable, and sustainable reconstruction and recovery".
Dmytro Romanovych
Director, Sustainability and ESG, Head of Government Relations and International Development Assistance Services
KPMG in Ukraine
Dmytro Romanovych
Director, Sustainability and ESG, Head of Government Relations and International Development Assistance Services
KPMG in Ukraine
The war disrupted global production and trade of commodities across multiple sectors. The war is estimated to have impacted more than 600,000 businesses globally and could slow down the global economic growth by 0.8 percent by the end of 2022 as compared to 2021. The global economy was impacted due to disruptions in production capabilities of both the countries and global supply chains which in turn created a scenario of global inflation.
US$252 billion
- The value of total damages and losses due to the war is estimated to be US$252 billion
- It is further estimated that reconstruction and rebuilding cost could amount to be more than US$349 billion
US$127 billion
- The damages due to destruction of residential and non-residential buildings as of September 2022 is US$127 billion
- Between June and August, the war caused damages worth US$31.5 billion
4.8 million
- Total number of jobs lost in Ukraine since February is 4.8 million
- In the event of the war continuing, even more citizens could lose their jobs and millions could be pushed into poverty, which could counteract the country’s development efforts
Ukraine may follow a similar damage assessment methodology as other war-torn countries followed in the past
