A Blueprint for the Reconstruction of Ukraine

Torbjörn Becker, Barry Eichengreen, Yuriy Gorodnichenko, Sergei Guriev, Simon Johnson, Tymofiy Mylovanov, Kenneth Rogoff, Beatrice Weder di Mauro 07 April 2022



On 24 February 2022, Russia invaded Ukraine. Thousands of civilians have been killed. More than a quarter of the population (37 million on the territory controlled by Ukraine as of January 2022) has been displaced, including more than four million to EU countries. Mariupol and many other Ukrainian cities are effectively destroyed. This intensity of destruction and refugee crisis has not been seen in Europe since WWII. Various governments and international organisations have indicated their willingness to help Ukraine recover from the war. This paper outlines ideas for the design and requirements of this effort. The authors build on prior experiences with post-war reconstruction (e.g. the Marshall Plan after WWII, the reunification of Germany, and the reconstruction of Iraq and Afghanistan) and reconstruction following natural disasters. As more information about the outcome of the war becomes available, specifics of the reconstruction can be developed.

Director, Stockholm Institute of Transition Economics (SITE), Stockholm School of Economics, Sweden

George C. Pardee & Helen N. Pardee Chair and Distinguished Professor of Economics and Political Science, University of California, Berkeley; and formerly Senior Policy Advisor at the International Monetary Fund. CEPR Research Fellow

Quantedge Presidential Professor, Department of Economics, University of California – Berkeley

Professor of Economics, Sciences Po Paris; CEPR Research Fellow

Professor of Entrepreneurship, Sloan School of Management, MIT and CEPR Research Fellow

President, Kyiv School of Economics; Associate Professor, Department of Economics

Thomas D. Cabot Professor of Public Policy and Professor of Economics at Harvard.

Professor of International Economics, Graduate Institute of Geneva; Distinguished Fellow, INSEAD Emerging Markets Institute, Singapore; President, CEPR


CEPR Policy Research