Macro-financial risk
2026-04-26
11 minute read
16 sources
Ukraine Reconstruction 2026: USD 524 Billion, ERA Loans, and the Ceasefire Wedge
The February 2025 World Bank, EU, UN, and Government of Ukraine RDNA 4 raised the ten year reconstruction need to USD 524 billion. The G7 USD 50 billion ERA mechanism is live, the EUR 50 billion EU Ukraine Facility is staged through 2027, and the partial ceasefire of March 2025 has shifted the donor calculus from war finance to recovery sequencing.
On February 25, 2025 the World Bank, the European Commission, the United Nations, and the Government of Ukraine published the fourth Rapid Damage and Needs Assessment (RDNA 4). It raised Ukraine's ten year reconstruction and recovery need to USD 524 billion as of December 31, 2024, against USD 411 billion in RDNA 3 from February 2024. Dir...