If the invasion into Ukraine continues, the country could lose 18 years of economic progress, with up to 90 percent of the population living in poverty or at risk of falling into poverty in the next twelve months, according to estimates released on Tuesday by the UN Development Programme (UNDP).
These projections, the first made by UNDP on the impact of the conflict, indicate that over the next year nearly one-third of Ukrainians could live below the poverty line, fourteen times as many people as expected without war.
In addition, another 62 per cent of the country may be at high risk of falling into poverty, says UNDP, which has a significant presence in Ukraine.
According to the study, the country could lose 18 years of socio-economic progress if the war drags on.
“While the need for immediate humanitarian assistance to Ukrainians is of the utmost importance, the severe development impacts of a protracted conflict are becoming more apparent,” UNDP Administrator Achim Steiner said in a statement.
Therefore, in parallel to the humanitarian response already under way, the UN agency maintains that specific support is needed to the Ukrainian Government so that it can continue to provide basic services to the population.
“We have to focus on suffering (...) and stop this grim trajectory,” he added.
UNDP recalls that, according to estimates by the Kiev Executive, infrastructure worth at least $100 billion has already been destroyed, including roads, bridges, hospitals or schools, among other things.
The war, moreover, has led half of the country's businesses to close and the rest to operate well below normal capacity.
In order to mitigate the impact on the population, the UNDP study proposes possible measures such as a program of transferring money to those most in need.
According to the document, a budget of about $250 million per month could partially cover the loss of income for 2.6 million people who are expected to fall into poverty.
Meanwhile, he estimates that temporarily offering a basic income system in the country, with $5.50 per person per day, would cost about $430 million per month.
(With information from EFE and Europa Press)
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