In the past several months a serious discussion has emerged on how to ensure sustained reconstruction of Ukraine. It is not only about after the war, but during the conflict. The discussion has coalesced around three points. First, there is not sufficient donor money to finance a near trillion-dollar reconstruction tab: Incentivizing the private sector is the only way to ensure a sustained recovery. Second, these incentives can be provided via a series of de-risking instruments such as political risk insurance, bank loan guarantees, and large-scale grants. Third, there are several enabling environment reforms the Government of Ukraine (GOU) can undertake to assure investors.
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