Bolstering Ukraine’s Wartime Economy and Planning for Recovery: The Ukrainian Perspective
In addition to the catastrophic human toll, the continuing Russian invasion of Ukraine is having a devastating effect on the country’s economy and the future of its 44 million people.
In mid-March, the International Monetary Fund expected Ukraine’s economy to contract by 10 percent in 2022 due to the war, assuming a “prompt” end to fighting and significant international financial support. If the war continues, the prospects are for the slump in output to be far worse, with more than 10 million people currently displaced from their homes and over four million now outside the country.
Already deeply indebted before the war, Ukraine has been raising billions in loans and concessional credits from international financial institutions. The government has remained adamant that it will continue to meet its debt obligations. But at the same time, Kyiv is likely to face growing pressure to examine options including voluntary debt restructuring or forgiveness.
This event presents Ukrainian perspectives on the impacts of the war and recommendations to the international community on how best to support Ukraine through this horrific conflict, and onwards to reconstruction and eventual recovery.
Oleksandra Betliy is a leading research fellow and project coordinator with the Institute for Economic Research and Policy.
Igor Burakovsky is the head of board for the Institute for Economic Research and Policy.
Andriy Kulykov is a Ukrainian journalist and television and radio host.
Olena Pavlenko is president of the Ukrainian think tank DiXi Group.
Maria Repko is deputy executive director of the Center for Economic Strategy.
Yuliya Yurchenko is a senior lecturer in political economy at the Department of Economics and International Business, and a researcher at the Political Economy, Governance, Finance, and Accountability Institute, at the University of Greenwich.
Art During Wartime
“Warriors of Light”
The world knew all too little about the art and culture of Ukraine prior to Russia’s all-out invasion. The war has changed that—and demonstrated the power of art as a tool of resistance.
Collective Action for Ukraine
A Drive to Deepen and Widen Ukraine’s Roots of Resilience
Open Society’s Ukraine Democracy Fund is providing vital support for scores of Ukrainian civilian groups, while working to rally allies abroad.
Hope for Ukraine
Q&A: Forging a Future Under Fire
As the one-year anniversary of Russia’s all-out invasion of Ukraine nears, Oleksandr Sushko reflects on how civil society has managed under fire—and the challenges ahead.