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Ukraine’s economy needs external support for years

A senior World Bank official has acknowledged that the Ukrainian economy will require external assistance for an extended period due to the significant economic decline caused by the ongoing conflict with Russia since February.

The war has had a detrimental impact on Ukraine’s economic stability and growth prospects. The admission underscores the need for sustained support from international partners to help Ukraine recover and rebuild its economy.

The World Bank, along with other organizations and countries, is likely to continue providing financial aid, technical expertise, and developmental assistance to help Ukraine overcome its challenges and promote sustainable economic development.