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A year into the war, Ukraine and the West prepare for the biggest reconstruction since World War II



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People help to clean up debris at a bus station damaged after a shelling, amid Russia’s attack on Ukraine, in Kherson, Ukraine February 21, 2023.Lisi Niesner | ReutersOne year since the start of Russia’s full-scale invasion, Ukraine’s economy and infrastructure are in tatters, with the government and its allies planning the largest rebuilding effort since World War II.The World Bank estimates that Ukrainian GDP shrank by 35% in 2022, and projected in October that the population share with income below the national poverty line would rise to almost 60% by the end of last year — up from 18% in 2021.The World Bank has so far mobilized $13 billion in emergency financing to Ukraine since the war began, including grants, guarantees and linked parallel financing from the U.S., U.K., Europe and Japan.The International Monetary Fund estimates that the Ukrainian economy contracted by 30%, a less severe decline than previously projected. Inf …

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