The Ukrainian economy should grow by 15% annually for 5 years – Igor Burakovsky

The war took away more than 50% of the GDP of Ukraine and to compensate for these losses, the economy must grow by 15% annually for 5 years, 10 years – 7%.

This was announced on April 28, 2022, by the Chairman of the IER Board Igor Burakovsky during the conference “War Aftermath: Reconsidering the Future of Civil Society” in Warsaw, Poland.

According to him, today recovery issues are considered from frames (time), funds (financial needs), and sources of funding (global community assistance, reparations, etc.) perspective. Concurrently, a huge role is allotted for the civil society to play and this is how it works out:

Economic recovery is not a gift from the international community. This is a huge investment project to which Ukraine itself must make its contribution also. At the same time, we must understand that the post-war restoration of Ukraine will require colossal efforts from both sides: the authorities and society. Therefore, civil society must contribute to the establishment of a regular, honest, and responsible dialogue between the authorities and society and offer effective solutions to the relevant problems.

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