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WorldIMF: Attacks on critical infrastructure will cost $4bn to repair

Date:

IMF: Attacks on critical infrastructure will cost $4bn to repair

Russia’s air strikes on civilian infrastructure raise the cost of Ukraine’s recovery, which will require nearly $4 billion per month to maintain power and water supplies, according to the International Monetary Fund’s chief.

In an interview with Reuters, IMF managing director Kristalina Georgieva said the organisation was focused on keeping Ukraine afloat while working on a longer-term plan.

“We still hope that we can stay within these parameters of 3-4 billion, but what changed since we had this discussion in Russia’s terrible bombing of civilian infrastructure,” she said.

“Just to get electricity back and water supply back we are moving towards the upper range of 4 billion…Just imagine a worst-case scenario.”

Georgieva also signalled that China should be allowed to join an international platform that the European Commission wants to set up this year for Ukraine.

 

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