Switzerland provides 1.5 billion francs for reconstruction projects: comments by Pavlo Kostyuk
Switzerland has announced new financial commitments to support Ukraine’s recovery and engage the private sector in important projects. This became known after a meeting between Minister of Community Development Oleksiy Kuleba and Ambassador of Switzerland to Ukraine Felix Baumann.
One of the key areas of cooperation will be the construction of housing for internally displaced persons (IDPs), of which there are currently more than 4.5 million in Ukraine.
“Intensification of cooperation with Switzerland, especially in the area of housing for IDPs, is strategically important for Ukraine. This is not only assistance in times of crisis, but also a long-term contribution to restoring the viability of the regions. Attracting funding and support from the Swiss private sector will help accelerate these processes,” said Pavlo Kostyuk, founder of the Ukraine Reconstruction Fund.
Ambassador Felix Baumann emphasized that Switzerland has been actively supporting Ukraine for a long time, implementing decentralization and recovery programs. As part of the new initiatives, the Swiss government plans to allocate CHF 1.5 billion for reconstruction projects over the next four years. These funds will be used for Early Recovery programs and long-term projects.
“Long-term cooperation with partners such as Switzerland is a key element in Ukraine’s reconstruction plans. The 1.5 billion francs of financing demonstrate the seriousness of our partners’ intentions. Such contributions not only support ongoing programs but also lay the foundation for the country’s sustainable recovery,” added Pavlo Kostyuk.
A delegation of the Swiss private sector is currently in Ukraine to familiarize itself with the needs in the medium and long term. The 14th meeting of the Ukrainian-Swiss Joint Committee was also held, during which the State Secretariat for Economic Affairs (SECO) presented an action plan to support Ukraine, including the involvement of Swiss companies in reconstruction projects.
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