The EBRD predicts Ukraine's economy could grow by 5% next year if a ceasefire is achieved, with current projections of 3.5% growth for 2023 amid ongoing inflation and conflict. With $6.2 billion invested during the war, EBRD emphasizes the need for lasting peace for successful reconstruction. Chief economist Beata Javorcik acknowledges the Ukrainian government's ability to maintain stability but warns that past conflicts often leave lasting economic scars. Ongoing diplomatic talks led by Donald Trump might impact Ukraine's future, particularly regarding resource extraction agreements.
The success of reconstruction is not assured, Javorcik said. To a large extent this is driven by the fact that peace is elusive, that conflict gets reignited relatively quickly.
Washington hails an anticipated agreement with Kyiv on extracting Ukraine's valuable mineral resources, Javorcik praised the Zelenskyy government's approach to steering the economy through terrible circumstances.
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