ECONOMIC RESILIENCE
With your help, we can build a brighter future that eclipses the overwhelming destruction in Ukraine.

a smoking building in the distance

The Destruction of Ukraine’s Economy

In 2021, prior to Russia’s unprovoked war, Ukraine was already considered one of the poorest countries in Europe.

It had the lowest GNI (Gross National Income)--along with one of the lowest rates of GDP (Gross Domestic Product)---per capita.

Below are just a few of the economic shocks Ukrainians have experienced since Russia began its full-scale invasion of their nation on February 24th 2022:

01

Over 5,000,000 jobs lost and hundreds of thousands of homes destroyed

02

Significantly increased costs of living and working, whether in their home country or abroad (as refugees)

03

Loss of vital public social services due to a severe national budget deficit and increased defense spending

04

The destruction of thousands of manufacturing facilities, schools, hospitals, and other business locations

05

Over $100 billion (and rising daily) in material losses due to destruction of critical civilian infrastructure

"Deploying capital during this extraordinary time is essential to keep businesses and vital services running, and when the time is right, prepare for the massive reconstruction efforts to come."

— Makhtar Diop, IFC Managing Director

Understanding Ukraine’s Economic Destruction

By just focusing on a few key Ukrainian economic indicators, we can start to appreciate the exceedingly harmful impact and distortion that Russia’s war has already had on Ukraine’s economy.

Pre-War
Current
Unemployment rate1
8.9%
35%
Real GDP growth2
-35%
3.4%
Inflation rate3
9.4%
26.5%
Proverty rate4
5.5%
25%
1
Current: annual, as of Q3 2022 (National Bank of Ukraine); Pre-War: FY 2021 (World Bank)
2
Current: FY 2022 forecast, as of October 2022 (IMF); Pre-War: FY 2021 (IMF)
3
Current: year-over-year, as of November 2022 (National Bank of Ukraine); Pre-War: FY 2021 (World Bank)
4
Based on a global poverty line of $6.85 per capita a day (PPP 2017); Current: FY 2022 forecast, as of October 2022 (World Bank); Pre-War: FY 2021 (World Bank)

Our Goal

Help Ukrainians Build a Prosperous Future

Enable the survival and future growth of Ukraine’s private sector by increasing employment, average incomes, and catalytic innovation.

How we get there:

Short-Term
Long-Term
a man on a blue tracker with farm fields in the backgrounda destroyed commercial building with large potions of its glazing missing

See Other Ways We’re Supporting Ukraine

Health & Safety

a women sitting at a dining table, with a blanket wrapped around her head, looking worried at a single candle
40%
Russians have covered an estimated 40% of Ukraine’s land in unexploded mines — an area roughly equal in size to the entire United Kingdom.

Truth & Advocacy

the back of a crowd advocating for Ukraine with focus on a sign stating "stand with Ukraine"
1,377+
As of January 2023, over 1,377 Ukrainian children have been killed or injured as a result of Russia’s full-scale war.
13,075
As of 25 November 2022, at least 13,075 Ukrainian children have been killed, injured, forcibly deported into Russian territory or have otherwise gone missing.
An exhausted kid sitting on a duffle back in a crowd beside another kid with food and lots of other baggage
Women & Children
05
Pro bono consulting and financial support for local enterpreneurs
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Servicemembers & Veterans
06
Witness testimony documentation and advocacy
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Entrepreneurs & Catalysts