Who Should Coordinate Ukrainian Reconstruction
Global Voices
By Barry Eichengreen, Professor of Economics, University of California: Reconstructing Ukraine’s economy after the war ends will cost hundreds of billions of dollars.
Right-minded governments are providing Ukraine with military hardware and financial infusions, albeit some more generously than others, to enable the Ukrainians to fight back against Russian aggression. At the same time, efforts are underway to estimate the costs of postwar rebuilding and plan for allocating reconstruction aid.The more entities are involved the better. Reconstructing Ukraine’s economy will cost hundreds of billions of dollars. This effort cannot be financed by a single or even a small handful of sources. National and subnational governments will provide bilateral aid. Multilateral and regional development banks will underwrite projects. NGOs will mobilize donations. Expats will supply remittances. Corporations will provide foreign direct investment.
Who Should Coordinate Ukrainian Reconstruction
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