conversations at the time and afterwards with people in ukraine, on maidan, my colleagues for three watched the rest of our website c-span.org. we take you now to remarks by ukrainian president zelenskyy part of a ministerial roundtable hosted by the world bank. >> the loss of livelihood for millions of ukrainians. for merely -- nearly two months the people of ukraine have demonstrated incredible resilience and bravery. ukraine's needs are immense and evolving. we are here as part of a continuing assessment of the needs recognizing that the situation on the ground changes by the hour. we are honored to have his

excellency president volodymyr zelenskyy joining us live from ukraine. president zelenskyy has demonstrated powerful leadership throughout the war. mr. president, you and your nation have shown strength, tenacity, and heroism in the face of aggression. president zelenskyy, the floor is yours. president zelenskyy: [speaking non-english language]

[speaking non-english language]

in the south now, active donbass action is going on. russia is trying to build up a new atrocious offensive operation. i can give you one number so you understand the scale of our experiences. owing to bombardment and fire strikes, there have been 1141

educational institutions ruined or damaged. that includes schools, nursery schools, universities, all across the country. not every country of the world has so many of -- so many institutions of education as the russians have ruined in ukraine. you can imagine how many other places have been ruined. hospitals, infrastructural objects, businesses, etc.. gretchen -- russian investment has done tremendous damage at the very preliminary evaluations. ukraine has lost 550,000 buildings. in the valley of the destruction. russia has blocked our ports in the back seat -- the black sea. this has reduced our agrarian

export and affected world food safety. a recent u.n. report said that 47 million people in 81 countries of the world will starve because of the gross of prices for food. this is not about physical shortages of food in many countries of africa and asia. there may be a new immigration crisis. we will look for those who are guilty in that. they will go on this street and look for ways to save themselves. we are doing everything we can to build up the export of our product. we have started sewing in the fields as much as we can. but nobody in the world can be sure that we will be able to guarantee with security as long

as the war is going on. so, stop the war now. we will liberate our territory from the russian invaders. it is the only secure way to stop the development of a food crisis. russian military is aimed at destroying anything in the ukraine that can serve as an economic base for life including railroad stations, food warehouses, oil refineries, etc.. at this time, we need up to 7 billion u.s. dollars each month to make up for the economic losses. we will need hundreds of billions of dollars to rebuild all of this later. i am sure that all of you have seen those calculations. we have to speak honestly with you and to say that russia is using aggressive methods in the

world markets while fighting the war, creating such conditions not only for the market but also fuel markets and other raw materials markets. these will face instability. russia has provoked the growth of prices for energy, resources in europe and the whole democratic world. they are slowing the sales especially for natural gas to create painful prices for european consumers. these and other examples show russa can no longer be considered a normal and reliable supplier of energy resources or a normal and reliable trade partner. we can all implement such decisions that will not only stop the aggressive intentions of russia and not only support

ukrainians, but also, show all potential aggressors in the world that if you create problems for other nations, you will create problems for yourself. if we do not do that, then millions of millions of people in the world will suffer from the aggressive action of some country. so what is needed now, right now? first, immediate support for ukraine. so, the leadership of russia knows that the world will not allow them to implement any of their aggressive goals. details of such financial support i am sure will be presented by our prime minister and minister of finance who are present at the meeting. we must do everything so ukrainians have everything they need for survival and life, even, despite the war. as i mentioned, the city of kharkiv at the beginning they

supply to all other cities and communities of ukraine. number two, we need immediately to exclude russia from all international financial institutions. as, world bank, all others. that is what is fitting for a country trying to eliminate the life of a neighborliness is -- neighborly nation. russia and any other aggressive must pay for destroying global stability. a tax must be applied to all without exception. with the russian federation or with russian companies for all export operations, for all financial operations that are not blocked yet. because, from that war tax it must be used to help ukraine to

renew everything that russia has destroyed. if this tax is applied to another aggressor, then those must be directed to the victims of the war. the world needs working, effective instruments to react to destructive action by all of those who do not want to support collective security. i am sure that such a war tax can be a tool of that kind. number four, every country of the world must immediately prepare to break up all relations with russia. no one should be dependent on the political whims of the leaders of that country. if the world is prepared to isolate russia completely then that russian leadership will have motive and motivation to avoid anymore. number five, those assets of the russian state and the russian

elite, this is not all of the assets that we know. this blocking has to be continued. the efforts have to be continued. this is not a goal in itself. those moneys that were brought -- blocked and processed have to be used to rebuild ukraine after the war as well as to pay for the losses caused to other nations. if there is starvation started in some regions due to russia's war those frozen assets can be used to pay for the assistance and decompensation. we must use all of our strength so that russia feels punished for the war and also feels how big is the need to bring back piece, including for russia itself.

so by helping us, we are helping to stabilize the world in general and fix market problems beginning with the food market. your support, with your support, with your financial support, we will quickly rebuild our nation and that means new opportunities for business in different countries, for not just economic growth, but global financial institutions capable to work in the interest of reconciled people and mankind in general. i would like one of our next meetings to take place in the ukraine. in one of our cities that we have rebuilt with your support, may be khakis. thank you for your attention -- maybe in kharkiv. thank you for your attention and

glory to ukraine. >> i participate your participation in today's meeting. next i would like to welcome his excellency, the prime minister of ukraine. prime minister, the floor is yours. >> thank you very much. president and managing director. your excellencies, colleagues. i am sure that you understand the current situation in eastern europe and what exactly is russia doing here in ukraine? first, they destroyed ukraine's economic potential.

all types of infrastructure, all types of enterprises are subjected to massive attacks, airstrikes. not only the military, everything. from bakeries to food warehouses to machine building enterprises. but told him storages, everything. everything is under strike. second, the russian military tactic is aimed at creating an immigration crisis in europe, delivery destroying people's homes. there are thousands of ukrainian cities and communities that have been all but completely destroyed by russian fire. mariupol is just one example but not the last. other cities have suffered comparable large-scale destruction. other cities such as kharkiv

have been turned to ruins. certainly, russia is blocking our seaports. another -- no other state. if our ports stay blocked we cannot export agricultural products. if we cannot export agricultural products that means there will be a food crisis or even large-scale political destabilization in thousands of current that hundreds of countries in north africa, asia, and other countries. what are the consequences of russia's aggression today? the key industrial regions of eastern europe have been absolutely destroyed by russia. the black sea ports of ukraine are blocked. thousands of ukrainians are dead. almost 12 million ukrainians were forced to leave their

homes. about 50 million of them left -- about 5 million of them left ukraine. for now, 220,000 people have lost their homes. 7000 residential buildings were damaged or destroyed completely. hostilities are the bombing of our cities by russian military forces and they still continue. the list of damages and destroyed property will only be increasing day by day. over 120,000 square miles of ukrainian territory has been cleaned. that's a huge territory. ukraine's gdp dropped during this year according to prior estimates by experts and international financial organizations.

our prior analysis has demonstrated that indirect losses because of the war among more than $560 billion. if we do not stop the war together, the losses will increased her magically. infrastructure loss -- increased dramatically. infrastructure losses alone are already higher than $100 billion. in march of this year more than 60% of ukrainian enterprises were stopped completely or partially. one of the biggest ukrainian steel production plants was almost destroyed by russian bombs. this is just one of hundreds of enterprises and facilities that are no longer operational after missile and air bomb strikes by russia. obviously, ukraine's efforts are not enough to come back to normal life. after such a horrible aggression from russia, it is obvious that

the government up -- the country of ukraine after this war must recover global security. russia and other potential aggressors around the world must understand that they will never be able to destroy the life of any nation. they must see everything they destroy will be renewed immediately and compensated and recovered. this should save us from military aggression in the future. if every potential aggressor knows that the civilized world will help every nation which has become or may become a victim, then the motivation to stop the war will be increased. that is why the real support of ukraine will translate into a direct benefit for each of our countries for the civilized

world and for global security. our republic and our civil institutions in ukraine have already demonstrated that president zelenskyy ended the government of ukraine are ensuring the right way to move forward in ukraine's development. the stats dine ability -- the sustainability of our institution and the ability of our state to regroup at all levels defending our nation from the russian invasion as well as the stability of our financial system has proven the right track of governing ukraine, our country. we have mobilized and allocated all of the informational resources very quickly, state budgets, -- quickly. state budgets were 100% in line with the budget fund before the war. we have simplified customs, but the war is still going on. in april, the state budget will

be only 50%. to balance the state budget as well as to support small and medium businesses we need additional financial resources. we finance our security and defense sector. we have a large new state program to support people who lost their job, incomes, and homes. despite all of the difficulties, our country is performing all social obligations. pensions, salaries, social payments. it all costs about 7 billion u.s. dollars a month for our budget. we do our best to prevent food crises and political stabilization in other regions of the world. for example, the ukrainians share in global export is 10% in wheat, 14% in corn and 47% in sunflower oil.

some other countries are especially vulnerable. for example, the egypt and food market is 100 percent depending on ukrainian and russian wheat supply. despite the war and the blockades of the ports, ukrainian farmers continue to work. a campaign is underway and we hope to farm about 80% of the total farming area compared to last year. we create new export logistics. this also requires additional finances. and, special technological solutions. so, as you can see, the scale of the challenges is very serious at all tiers of economic and social life in ukraine. but taking into account the additional environmental risk because of the war in the industrial zones, flooded coal

mines, intervention in the chernobyl zone, then, the scope of additional support needed will increase dramatically. in a short time -- short-term perspective, we need a financial breach of up to five months for -- with $4 billion to $5 billion per months. we need a recovery plan for our ukraine similar to the marshall plan for europe after the second world war. according to the president of ukraine, the government of ukraine began to work on the united 24 recovery plan and establish the united to 24 recovery fund. the goal of the plan is not to recover the destroyed economy but to build a new economy in ukraine that will be fully integrated into the eu. as of today, such recovery, reconstruction, and

transformation will cost about $600 billion. first, we have to stop the war. we have to bring peace back to ukraine and put the russian federation to justice. that is why i call a -- all of our international partners to be focused on three instruments. first, supplying ammunition and weapons to ukraine. as the president said, -- second, we ask for more sanction pressure on russia. only this can force them to seek peace. it is clearly important, crucially important, to impose complete blockage of the russian sector and energy exports including oil and nuclear fuel and in the future gas. third, financial support of ukraine.

tierney -- tierney must clearly see that democratic support will not leave our nation fighting for freedom. we need all necessary financial resources, not only for defense. but, for the functioning of all public and social institutions and to guarantee a return of internally displaced persons. we are in a dialogue with all who can support ukraine. we are grateful to all of our international partners, to world bank him a the imf, the eap, the european union, g-7 countries, other european, middle east, and asian countries for some pride -- providing support ukraine. i have sent letters to many colleagues asking them to providing -- to provide 10% to support ukraine financially. canada has a guide -- has agreed to provide one billion canadian dollars to the special

administrative account created by the imf. thank you for this. we hope other partners will follow this example. the world bank also created a drastic -- -- drastic call for dollars. we call on partners to support us through the world bank account. we are grateful for loans, guarantees, and grants provided to the government of ukraine. we believe this financing will continue. while i am talking to you, russia is attacking my country to undermine the resilience of the ukrainian nation. the ukrainian people have proven that they are ready to fight as much we will fight bravely and wisely to defend our nation. to defend the war, we need your support. that is why i appeal to all of

you on behalf of those who fight for ukraine. those who work for our survival of the mckinney -- ukrainian nation. i appeal to you with my request. help us protect freedom. you have all the resources needed for this. we need decision. glory and thank you to you all. thank you so much. [applause] >> thank you very much, mr. prime minister. we have been honored to have you here today and you we are honored to have the finance minister and the governor here with us and finance ministers from many countries around the world and we appreciate everyone's participation and i want to say a few words of thanks to all of those who have

had contributed already. let me repeat on behalf of the world bank group, we have been deeply horrified and shocked by russia's invasion of ukraine. the atrocities committed against the civilian population and the loss of life and livelihoods were millions -- for millions of ukrainians. the russian invasion is needlessly taking lives, injuring many and causing many -- massive damage to your economy and we appreciate you going through some of that. war is a human tragedy. the world bank group has completed an early assessment of the physical damage inputs of the cost in terms of buildings and infrastructure. the narrow cost at roughly $60 billion. it does not include the growing economic cost to ukraine's economy and the war is ongoing so those costs are rising.

ukraine's government and state owned -- enterprises face a deficit and a debt burden. since the invasion, the world bank group has provided vast disbursing support to help provide the government provide critical services, pay wages for hospital services. we have provided immediately -- an immediate working capital for companies supplying -- providing supplies ukraine. we have mobilized money for ukraine to support the continuing of essential government services. this was made possible and i want to think the grand got -- contributions from our multi-donor trust from -- fund from the united states and the united kingdom and -- iceland and guarantees from the united kingdom, netherlands and sweden and parallel financing from japan.

these announcements were still being made today and i know many other countries are putting money directly into the support effort for ukraine. our mechanisms are providing rapid targeted and secure delivery of the support to ukraine in these challenging times. the priority should be to fill ukraine's currently financing needs that minimizes debt burden. grant contributions will be important. our -- as one mechanism that could be you know not -- utilize and i would like to acknowledge contour -- complementary approaches including the imf administered account. the european union solidarity trust fund. it will be important from all partners to coordinate their support for ukraine's budget needs. we are working toward three

phases of the recovery effort of relief. recovery and resilience and i know many around the table are working in those efforts as the war continues. we will work to build confidence in ukraine's financial, monetary, and since -- fiscal institutions, fostering stability as we go forward. in six to eight month -- eight months after peace, we believe a reconstruction of connectivity, such as transport -- and digital should be addressed. reinforcing the macro fiscal capacity, rebuilding cities and households and strengthening the agricultural and physical sectors. -- it must end now. rebuilding will take hard work, determination and struggle but i remain optimistic with our

collective support, ukraine can achieve a brighter future. i want to say thank you and turned to my friend and colleague, imf managing director, to give her remarks. >> thank you very much. thank you for organizing this meeting. i cannot think of a more important gathering than this one. why? because the unthinkable happens. we, again, have a war in europe. we have refugees in europe. those of us who know well, european history, we are horrified for europe but we are horrified for you and the world as well. after the second world war, united nations -- commissioner

for refugee was set up to help 3 million europeans still left displaced to go back to their homes. we have, today, all of the 4.5 million ukrainians outside the ukraine and -- at least 8 million displaced internally. we have a duty to you and we have a duty to ourselves and that is what makes this meeting today so important. i want to thank wholeheartedly, -- but it's time he spent with us. our governor is here. when we finished the meeting, i would ask you how you managed to come but we are so right for you did. i want to make four points.

the first one is the impact of the war of the -- on the you -- economy. estimates are dreadful. ours, we published on tuesday. 40% secret -- shrinkage of the gdp this year. it is a very deep contraction that certainly causes tremendous strain on your resources. my second point is something that we have been saying from the very beginning of this war. how incredibly impressed we are by the emergency economic and financial response by authorities. -- ukrainian authorities. you have acted to preserve -- the reserve and reduce the exchange rate uncertainty. you have supported financial stability and protect priority budget payments and you have

insured -- insured --ensured that people in ukraine can access the services and cash they need. in the midst of the invasion, -- hyperinflation, and currency evaluation. my third point is the importance for this of the financing. some of you trust are providing. i want to sincerely salute all of the friends of ukraine for the generous support. please continue to do so. like the world bank, we have played our role and provided

swiftly 1.4 billion dollars in emergency financing. in less than two weeks after the invasion, we have established the administer account for ukraine that would provide dollars with secured legal for direct financing and i want to recognize canada as you did for one billion dispersed in this account. this is what keep central bank foreign exchange reserves stable relative to prewar levels and on the fiscal side, this is what supplements domestic revenues with -- so you don't have to go to extended recourse to -- financing. as important this all is, let's be very frank. it is not enough. why? because we have in front of us, a couple of very cold --

difficult things. hopefully the world -- ward -- war will end but holding up -- need help. reserves are under pressure, capital outflows can increase, and inflows can shrink further if your export routes for agricultural problems continue to be compressed. in that context, we have worked with you to ascertain what are the -- what is the short financial gap. there is a great deal of uncertainty -- in the order of $5 billion of the next two to three months. we hope the economy can function

in the part of the country that is not affected. we think you are probably going to see remit to see increasing because -- smart ukrainians are working somewhere else but they can then help families. we would really urge us to work towards this 15 billion over the next few months to make sure that you can continue to provide the vital government services. like david, i would urge us to seek as much as possible grant financing or highly concessional financing because piling up more debt for ukraine at this moment of time is not wise. it would have to be restructured down the road for sure. we also have to prepare for the future.

sergei talked about your dream for ukraine. we have to make this dream a reality and -- would make it more certain. you called to look into the possibility of on blending some resources from countries that have it. but don't need it. our team is working on it. it is not -- we will be working with you to make every effort to make use of a resource that at this moment, in many countries, is idle. we can deploy it at very low costs. i want to conclude with the following. we had this rare moment in life.

when we find who we are and this is one of these moments. thank you. [applause] >> thank you very much. i want to thank the -- want to thank the global audience who joined us who -- for the global event. this concludes the public portion of our program and i will say goodbye to those who are joining us online and we will go to a closed session. you all very much -- thank you all very much. >> coming up, press secretary john kirby is scheduled to give an update to the u.s. response to russia's invasion of ukraine. watch live congress -- coverage

at 3:38 est -- 3:30 est. >> c-span now is a free mobile out -- app. keep up with today's biggest events with life streams. campaigns and the world's politics all at your funeral should -- fingertips. finding scheduling information for c-span2 tv network and c-span radio plus a variety of compelled podcast. c-span now is available on the apple store and google play. c-span now. the front row seat to washington anytime, anywhere. >> we are joined again this morning -- chief medical advisor with