Switzerland pledges $5.4 billion to help rebuild Ukraine over 12 years

Bern, 10.04.2024 - Switzerland has been providing humanitarian aid and supporting the economic development and longer-term reconstruction of Ukraine since the war broke out in February 2022. This support builds on the existing cooperation with the country and is to be intensified over the next twelve years, as decided by the Federal Council at its meeting of 10 April 2024. It plans to allocate a total of CHF 5 billion to this end by 2036. As a first step, around CHF 1.5 billion is to be drawn from the international cooperation budget by 2028. This amount clearly demonstrates Switzerland's solidarity with the people affected by the war in Ukraine and will increase stability on the European continent.

The funds required for reconstruction in Ukraine are estimated at USD 486 billion (around CHF 440 billion). This World Bank estimate is based on a damage and needs analysis co-financed by Switzerland. Switzerland is already supporting projects in Ukraine that focus on rebuilding destroyed civilian infrastructure in the energy, road and healthcare sectors. In addition, Switzerland and Ukraine jointly launched the political recovery process on a broad scale at the Ukraine Recovery Conference in Lugano in July 2022. The 59 delegations from states and international organisations in attendance there agreed on the Lugano Principles, laying the cornerstones of the political recovery process.