World Bank raises Ukraine's reconstruction and recovery needs estimate by 8% to $524 billion

The total cost of reconstruction and recovery in Ukraine as of Dec 31, 2024 stood at $524 billion over the next decade, about 2.8 times the country's estimated GDP for 2024, the World Bank, the European Commission, the United Nations, and Ukraine's government said on Tuesday in an updated Rapid Damage and Needs Assessment (RDNA).