The recovery spending watchdog №13. Special topic: is the construction sector ready for Ukraine’s recovery

The Centre for Economic Strategy and the Institute for Economic Research and Policy Consulting presented The recovery spending watchdog in August 2024.

As of the beginning of August, the number of damaged and destroyed educational institutions exceeded 3,800. It is crucial to restore the population’s access to educational services, especially with the new academic year approaching.

Russia’s full-scale invasion dealt a significant blow to the construction industry. Construction companies, which are in high demand in the affected regions, faced a severe shortage of personnel due to both labor migration and mobilization.

The construction sector is experiencing a deficit of goods and an escalation in the cost of building materials. The production of metal, dry building mixtures, and thermal insulation materials has been disproportionately impacted.

Despite this, according to the EBA study, 90% of the building materials needed for reconstruction can be produced in Ukraine. For this, it is necessary to concentrate on attracting investments in the field.

We will discuss it at the event. In addition, experts from the Recovery spending watchdog project will as usual review the progress of reconstruction over the past month.

The release was prepared within the framework of the EU-funded project “The recovery spending watchdog”. Previous releases are available here. The project is a joint effort of the Centre for Economic Strategy, the Institute for Economic Research and Policy Consulting, and the NGO “Technologies for Progress”. All project participants are members of the RISE coalition.