Article in Journal
“Laying Foundations for Building Back Better in Ukraine” ‒ Policy Actions and Principles for a Strong Transition and Recovery Process
Anna Bjerde
CESifo, Munich, 2023
EconPol Forum 24 (2), 5-09
CESifo, Munich, 2023
EconPol Forum 24 (2), 5-09
- Russia’s invasion of Ukraine is causing massive social and economic repercussions with a devastating loss of human lives, millions of displaced people, and a sharp increase of poverty
- Ukraine will need to balance the need to sustain the war economy today and create the necessary conditions for a sustainable economic recovery in future
- Ukraine’s reconstruction and progress toward EU standards will demand more from its institutions and will be a key driver for reforms and plans to build back better
- External support, especially from the private sector, remains key to expand the available and necessary pool of resources exponentiall
- Ukraine would need to build a strong foundation to accelerate reconstruction by focusing on a set of policies that catalyze external financing, enhance implementation capacity, and ensure recovery actions do not impede progress on long term commitments and accession requirements (including the green transition)