Ukrainian President Volodymir Zelensky may be preparing to participate in the World Economic Forum (WEF) from the first month of next year in a bid to rebuild the country from the damage caused by the war with Russia.
According to the Ukrainian government, the president has already held talks with Larry Fink, CEO of BlackRock Inc, to review the investments needed to help the country and has offered to participate in the WEF summit to be held on January 16 in Switzerland.
Although he did not clarify whether he will attend in person or virtually, this could represent a big step towards improving the situation in the nation, especially in one of its hardest moments.
🚨 Ukraine’s Zelensky said his government is preparing to participate in the World Economic Forum (WEF) in Davos in January and that he spoke again with BlackRock Inc CEO Larry Fink about the postwar rebuilding effort - Bloomberg
— Insider Paper (@TheInsiderPaper) December 28, 2022
"Volodymyr Zelensky and Larry Fink agreed to focus in the near term on coordinating the efforts of all potential investors and participants in the reconstruction of our country, channeling investment into the most relevant and impactful sectors of the Ukrainian economy," the Ukrainian government announced.
They also discussed the leaders who could visit the country next year and contribute to its recovery.
Volodímir Zelensli, en presentación virtual, dice a los líderes políticos y empresariales del mundo que el apoyo a Ucrania debe ser inmediato. @wef_es pic.twitter.com/6F2B2Y3m28
— Sergio Sarmiento (@SergioSarmiento) May 23, 2022
At the moment it is estimated that Ukraine's GDP after the damage it has suffered because of the war with Russia, has been reduced by 35 to 40% and its budget deficit would amount to as much as 5 billion dollars a month, according to a report by the New York Times.
In fact, the Ukrainian president recently estimated that the cost of rebuilding the country could surpass $1 trillion.