What will it take to rebuild Ukraine when the war is over?
A report released in September by the World Bank, Ukrainian government, and the European Commission estimates that Russia’s unprovoked invasion has already caused more than $97 billion in direct damage to Ukraine – and that it could cost nearly $350 billion to rebuild the country after the war. And just for a sense of proportion, that is 1.6 times Ukraine’s $200 billion gross domestic product in 2021.
So where is all that money going to come from? On the Power Vertical Podcast this week, host Brian Whitmore speaks with former U.S. Treasury Department official Josh Rudolph, the fellow for Malign Finance at the German Marshall Fund’s Alliance for Securing Democracy, and for Georgian Foreign Minister, Eka Tkeshelashvili, who serves as head of USAID’s Anti-Corruption Program in Ukraine. Both Josh and Eka have been working on establishing and implementing a Marshall Plan for the reconstruction of Ukraine.