Multi-agency Donor Coordination Platform for Ukraine
The Russian Federation’s ongoing full scale invasion of Ukraine, which began February 24, 2022, has caused significant civilian casualties, destruction and damage to social and critical infrastructure and productive assets taking severe human, social, and economic toll on the country. The Third Rapid Damage and Needs Assessment (RDNA3), jointly developed by the World Bank, the Government of Ukraine (GoU), the European Commission (EC), and the United Nations (UN), presents an assessment of the direct damage, as of December 31, 2023, has reached almost US$152 billion, with housing, transport, commerce and industry, agriculture, and energy the most affected sectors. As of December 31, 2023, the total costs of recovery and reconstruction are estimated at almost US$486 billion over the next decade. In 2024 alone, the country will need around around $15 billion for immediate reconstruction and recovery priorities at both the national and community level, with a particular focus on supporting and mobilizing the private sector alongside restoration of housing, soft infrastructure and services, energy, and transport.
The Multi-agency Donor Coordination Platform for Ukraine coordinates the support for these immediate financing needs of Ukraine and future economic recovery and reconstruction needs across different sources and established instruments for financing. Its goal is also to direct resources in a coherent, transparent, and inclusive manner, enabling efficient planning and delivery of assistance to Ukraine and avoiding duplication.
In particular, on the medium-term, the Platform will work closely with Ukrainian authorities to define, prioritise, and sequence strategic needs within the recovery process. It will coordinate economic assistance in line with Ukraine’s reform ambitions, in line with the conditions for financing and structural support of the major donors, and in line with its European path. In this regard, it will coordinate international efforts to support a sustainable, resilient, inclusive, and green economic recovery which enhances strong democratic institutions, rule of law, and anti-corruption measures.
At its launch, the Multi-agency Donor Coordination Platform brought together Ukraine, the EU, G7 countries, as well as international financial institutions. In February 2024, the Steering Committee Members agreed by consensus to enlarge the participation to four new Members: Republic of Korea, Netherlands, Norway, Sweden and six new Observers: Denmark, Estonia, Latvia, Lithuania, Poland, Spain.
The Platform is supported by a Secretariat, which is in a Brussels office hosted by the European Commission, and in a Kyiv office hosted by the Government of Ukraine.