The Fort Worth Press - Ukraine, allies map out road to reconstruction

USD -
AED 3.673057
AFN 64.498403
ALL 81.497598
AMD 360.429431
ANG 1.789785
AOA 918.00023
ARS 1545.649398
AUD 1.443855
AWG 1.8025
AZN 1.703276
BAM 1.747857
BBD 2.013995
BDT 124.194572
BGN 1.747831
BHD 0.377203
BIF 3011
BMD 1
BND 1.279838
BOB 11.883984
BRL 5.5126
BSD 0.999937
BTN 93.852382
BWP 13.739421
BYN 2.994093
BYR 19600
BZD 2.011135
CAD 1.412035
CDF 2291.000109
CHF 0.819497
CLF 0.024646
CLP 969.990185
CNY 6.6728
CNH 6.66961
COP 3278.94
CRC 452.916521
CUC 1
CUP 23.998856
CVE 98.624976
CZK 21.68455
DJF 177.720204
DKK 6.661065
DOP 60.650066
DZD 136.031544
EGP 53.881402
ERN 15
ETB 161.201546
EUR 0.89109
FJD 2.251293
FKP 0.74879
GBP 0.743965
GEL 2.594966
GGP 0.74879
GHS 11.684968
GIP 0.74879
GMD 74.000111
GNF 8862.503383
GTQ 7.640921
GYD 209.629348
HKD 7.84199
HNL 27.075028
HRK 6.76901
HTG 131.066963
HUF 322.689502
IDR 18080
ILS 3.15879
IMP 0.74879
INR 93.627903
IQD 1514
IRR 1902285.497801
ISK 122.339706
JEP 0.74879
JMD 158.851444
JOD 0.709006
JPY 157.922504
KES 129.959573
KGS 87.450409
KHR 4084.999677
KMF 441.999883
KPW 899.999961
KRW 1340.984944
KWD 0.31082
KYD 0.833348
KZT 448.635799
LAK 22504.999893
LBP 89550.000199
LKR 332.482853
LRD 170.297429
LSL 16.559752
LTL 2.95274
LVL 0.60489
LYD 6.430306
MAD 9.757504
MDL 18.024451
MGA 4595.000383
MKD 54.841943
MMK 2099.456394
MNT 3601.166008
MOP 8.076267
MRU 40.249871
MUR 47.079897
MVR 15.381055
MWK 1737.000072
MXN 18.55569
MYR 4.058796
MZN 63.904511
NAD 16.560038
NGN 1346.999875
NIO 36.610373
NOK 9.394565
NPR 150.16399
NZD 1.77546
OMR 0.384495
PAB 1.000027
PEN 3.442498
PGK 4.49201
PHP 63.08004
PKR 276.650104
PLN 3.90812
PYG 6250.390985
QAR 3.642968
RON 4.761103
RSD 104.84601
RUB 82.498875
RWF 1475
SAR 3.760416
SBD 8.048583
SCR 13.921451
SDG 601.500885
SEK 9.79616
SGD 1.278895
SHP 0.748923
SLE 22.949736
SLL 20969.504398
SOS 571.496392
SRD 37.551966
STD 20697.981008
STN 22.275
SVC 8.750011
SYP 13001.999685
SZL 16.560032
THB 33.410109
TJS 9.179562
TMT 3.5
TND 2.985499
TOP 2.40776
TRY 50.17917
TTD 6.78213
TWD 32.775798
TZS 2644.997998
UAH 45.554751
UGX 4094.837216
UYU 40.322617
UZS 12000.000087
VES 896.316404
VND 25515.5
VUV 119.26207
WST 2.787824
XAF 584.516609
XAG 0.018756
XAU 0.000241542393
XCD 2.70255
XCG 1.802193
XDR 0.707052
XOF 584.516609
XPF 107.45026
YER 236.62497
ZAR 16.38747
ZMK 9001.203468
ZMW 20.324048
ZWL 321.999592
SSP 5745.232324
MXV 2.085988
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

Ukraine, allies map out road to reconstruction
Ukraine, allies map out road to reconstruction / Photo: © AFP

Ukraine, allies map out road to reconstruction

Ukraine and its allies agreed Tuesday to a set of principles for rebuilding the war-torn country, including the need for broad reforms to boost transparency and root out corruption.

Text size:

Wrapping up a two-day conference in the southern Swiss city of Lugano, leaders from some 40 countries signed the Lugano Declaration committing to support Ukraine through a likely long and expensive recovery.

Ukrainian President Volodymyr Zelensky warned from Kyiv that the work ahead was "colossal", and the duty of the "whole democratic world".

His prime minister, Denys Shmyhal, who led a large delegation to Lugano, cautioned that recovery from the massive destruction wrought since Russia's full-scale invasion just four months ago would cost at least $750 billion.

He said the adoption of the declaration and of a set of seven founding principles for Ukraine's reconstruction "gives great hope".

"We shall be victorious, we will renew our country," he told reporters. "We have to make everything that was destroyed better than it was."

Swiss President Iganzio Cassis, who co-hosted the conference, hailed the declaration as a "key first step on the long road of Ukraine's recovery".

"Our work prepares for the time after the war even as the war is still raging," he told the closing ceremony following a minute of silence for that war's many victims.

- 'Make corruption impossible' -

Among the principles agreed upon Tuesday was that Ukraine itself must be in the driving seat on how to rebuild, and also that the recovery process must go hand-in-hand with far-reaching reforms.

"The rule of law must be systematically strengthened and corruption eradicated," the document said.

With billions of dollars in aid and assistance flowing into Ukraine, lingering concerns about widespread corruption have driven calls Kyiv to do more to ensure transparency and accountability.

The former Soviet state has long been ranked among the world's most corrupt countries by Transparency International. In Europe, only Russia and Azerbaijan ranked worse.

Shmyhal insisted Tuesday that Ukraine had already taken great strides to fix the problem, including by broad digitalisation of public services and the awarding of contracts in sectors like construction, to reduce "human interaction" and the possibilities for corrupt transactions.

The goal, he said, is "not to fight corruption, but make corruption impossible."

As for who will pay for the towering costs, Shmyhal suggested much of this amount could be covered using seized Russian assets. He pointed out that such assets frozen by Ukraine's partners so far amounted to $300-500 billion.

"Unprovoked aggression should be paid by the aggressor,” he said. "Russia should pay for this."

At his side, the Swiss president, whose country has long been a choice destination for Russian oligarchs to invest and stash away their fortunes, stressed the importance of respecting property rights and the rule of law.

Shmyhal on Monday laid out the government's three-phase reconstruction plan, focused on the immediate needs of those affected by the war, followed by the financing of thousands of longer-term reconstruction projects, and ultimately on transforming Ukraine into a European, green and digital country.

To push the message, a number of ministers, as well as First Lady Olena Zelenska, also spoke Monday to lay out the massive reconstruction needs, as well as their vision for a new Ukraine.

- 'For the long-haul' -

The Ukrainians have proposed that allied countries "adopt" specific regions of Ukraine, and lead the recovery there to render it more efficient.

Britain has proposed taking on the Kyiv region, while France would concentrate on the heavily-hit Chernihiv region. Australia and Denmark are also among countries that have voiced interest in leading specific reconstruction efforts.

"We understand that this is for the long-haul, and we are ready," high-level French diplomat Francois Delattre told AFP.

Lugano was seen as a first step towards the rebuilding of Ukraine, and there are already several follow-up conferences planned, with one led by the EU in a few months.

London has agreed to host a Ukraine Recovery Conference next year, while Germany has said it can host the 2024 edition.

C.Dean--TFWP