The Fort Worth Press - Berlin summit tackles 'generational task' of rebuilding Ukraine

USD -
AED 3.673042
AFN 70.72223
ALL 92.599072
AMD 387.699673
ANG 1.801525
AOA 872.636041
ARS 928.11083
AUD 1.527417
AWG 1.8
AZN 1.70397
BAM 1.800788
BBD 2.018268
BDT 117.449912
BGN 1.80187
BHD 0.376768
BIF 2879.714202
BMD 1
BND 1.343271
BOB 6.90741
BRL 5.656104
BSD 0.999558
BTN 83.686837
BWP 13.544122
BYN 3.271304
BYR 19600
BZD 2.014861
CAD 1.38295
CDF 2865.000362
CHF 0.883665
CLF 0.034333
CLP 947.340396
CNY 7.250404
CNH 7.263175
COP 4033.18
CRC 528.506187
CUC 1
CUP 26.5
CVE 101.519127
CZK 23.341604
DJF 177.997938
DKK 6.87404
DOP 59.166912
DZD 134.339091
EGP 48.263969
ERN 15
ETB 57.788837
EUR 0.91975
FJD 2.25895
FKP 0.77056
GBP 0.777122
GEL 2.703861
GGP 0.77056
GHS 15.492335
GIP 0.77056
GMD 67.75039
GNF 8614.466706
GTQ 7.746628
GYD 209.091411
HKD 7.80637
HNL 24.748637
HRK 6.90795
HTG 131.942398
HUF 360.23504
IDR 16304.15
ILS 3.661175
IMP 0.77056
INR 83.74465
IQD 1309.516136
IRR 42105.000352
ISK 138.060386
JEP 0.77056
JMD 156.351282
JOD 0.708704
JPY 153.76704
KES 129.940385
KGS 84.040604
KHR 4100.066293
KMF 454.225039
KPW 900.00035
KRW 1384.870383
KWD 0.30585
KYD 0.833019
KZT 473.514111
LAK 22170.249988
LBP 89514.93946
LKR 302.886607
LRD 195.317104
LSL 18.248239
LTL 2.95274
LVL 0.60489
LYD 4.830215
MAD 9.845499
MDL 17.743198
MGA 4549.388627
MKD 56.737719
MMK 3247.960992
MNT 3450.000346
MOP 8.037659
MRU 39.593768
MUR 46.820378
MVR 15.350378
MWK 1733.297731
MXN 18.463039
MYR 4.657504
MZN 63.899991
NAD 18.248239
NGN 1596.000344
NIO 36.79287
NOK 11.027315
NPR 133.898976
NZD 1.698456
OMR 0.384843
PAB 0.999558
PEN 3.757182
PGK 3.921442
PHP 58.501038
PKR 278.208419
PLN 3.936692
PYG 7569.423984
QAR 3.645997
RON 4.579204
RSD 107.790402
RUB 85.972867
RWF 1314.3599
SAR 3.751623
SBD 8.475946
SCR 13.614743
SDG 586.000339
SEK 10.82125
SGD 1.342604
SHP 0.77056
SLE 22.847303
SLL 20969.503664
SOS 571.228639
SRD 29.001038
STD 20697.981008
SVC 8.746374
SYP 2512.53037
SZL 18.245433
THB 35.903649
TJS 10.595829
TMT 3.55
TND 3.101045
TOP 2.385104
TRY 32.944904
TTD 6.785139
TWD 32.813038
TZS 2698.880377
UAH 41.03869
UGX 3728.086329
UYU 40.24306
UZS 12629.252797
VEF 3622552.534434
VES 36.560866
VND 25315
VUV 118.722038
WST 2.803608
XAF 603.967479
XAG 0.035806
XAU 0.000419
XCD 2.70255
XDR 0.753904
XOF 603.967479
XPF 109.810782
YER 250.350363
ZAR 18.285304
ZMK 9001.203587
ZMW 26.114098
ZWL 321.999592
  • RIO

    0.7300

    65.06

    +1.12%

  • SCS

    0.2000

    14.03

    +1.43%

  • CMSC

    0.1050

    24.19

    +0.43%

  • NGG

    0.9700

    63.62

    +1.52%

  • BTI

    0.4300

    35.16

    +1.22%

  • CMSD

    0.1550

    24.405

    +0.64%

  • BCC

    5.7500

    141.04

    +4.08%

  • BCE

    0.1900

    33.36

    +0.57%

  • GSK

    0.7900

    39.86

    +1.98%

  • BP

    0.0700

    35.25

    +0.2%

  • RBGPF

    58.8600

    58.86

    +100%

  • RYCEF

    0.1100

    5.68

    +1.94%

  • RELX

    0.5400

    46.54

    +1.16%

  • JRI

    -0.1300

    12.41

    -1.05%

  • VOD

    0.2000

    9.47

    +2.11%

  • AZN

    -0.3900

    78.13

    -0.5%

Berlin summit tackles 'generational task' of rebuilding Ukraine
Berlin summit tackles 'generational task' of rebuilding Ukraine / Photo: © AFP

Berlin summit tackles 'generational task' of rebuilding Ukraine

German Chancellor Olaf Scholz said on Tuesday that rebuilding Ukraine was a "generational task" as experts gathered for an international reconstruction conference for Ukraine in Berlin.

Text size:

Scholz as current head of the G7 club of wealthy nations said Ukraine could count on the support of the international community for decades to come as it seeks to repair and upgrade essential infrastructure.

"What is at stake here is nothing less than creating a new Marshall Plan for the 21st century -- a generational task that must begin now," Scholz said as he opened the conference.

Rebuilding Ukraine marks a "challenge for generations", Scholz said, but one that also provided a chance to modernise its roads, bridges, schools, hospitals and transport links.

The chancellor also stressed that Ukraine should be reconstructed with its hoped-for accession to the EU in mind.

"The European Union's commitment to Ukraine as a future member is one of the most consequential geopolitical decisions of our times," he said.

Speaking at the same event, European Commission chief Ursula von der Leyen called the scale of destruction in the war-ravaged country "staggering", with the World Bank estimating the toll of the damage at 350 billion euros ($345 billion).

"This is for sure more than one country or one union can provide alone," she said. "We need all hands on deck."

- Budget hole -

Ukrainian President Volodymyr Zelensky was also addressing the one-day conference, which brought together international organisations and private sector representatives as well as political leaders.

He appealed to international supporters to cover his country's $38-billion budget hole for 2023, saying such assistance was essential if Ukraine is to get back on its feet.

"At this very conference we need to make a decision on assistance to cover the next year's budget deficit for Ukraine," he said, speaking to the event via video link.

"It's a very significant amount of money."

He said alleviating the crisis would also "save the European continent from the migration wave, from the immigration tsunami" that has already seen millions of Ukrainians fleeing to the EU.

- 'To be or not to be' -

Speaking during a panel session at the event, Ukraine's communities minister Oleksiy Chernyshov said reconstruction work should begin as soon as possible.

"It is clear we should start it immediately" to build a country that will lure back those who have fled the war, he said.

"We need to act now," Werner Hoyer, president of the European Investment Bank, added. "The later we start, the higher the bill will be one day."

"It is now that energy is needed. It is now that basic services for the population should be delivered. It is now that transport links should work or be reestablished. And it is now that businesses working under unimaginable conditions should be supported," Hoyer said.

Polish Prime Minister Mateusz Morawiecki urged Europe to stand strong against Russia as the war grinds on, warning against attempts to seek an end to the fighting at any cost.

"The policy of appeasing Russia is bankrupt and everyone who is still trying to enact it drags Europe down," he said.

Quoting Shakespeare, Morawiecki said it was a moment of truth for Europe to stand up for its purpose and values.

"The world only deals with strong players -- Europe must prove its strength. It is our 'to be or not to be' moment," he said.

P.Grant--TFWP