{"id":12880,"date":"2022-04-29T16:04:34","date_gmt":"2022-04-29T14:04:34","guid":{"rendered":"https:\/\/stage.kse.ua\/news\/key-pillars-for-emergency-economic-assistance-2\/"},"modified":"2022-04-29T16:04:34","modified_gmt":"2022-04-29T14:04:34","slug":"key-pillars-for-emergency-economic-assistance-2","status":"publish","type":"news","link":"https:\/\/kse.ua\/en\/news\/key-pillars-for-emergency-economic-assistance-2\/","title":{"rendered":"Key pillars for emergency economic assistance"},"content":{"rendered":"<p><i>Based on <\/i><a href=\"https:\/\/www.academia.edu\/77803048\/Meeting_the_immediate_needs_of_the_Ukrainian_economy_the_role_of_international_actors_and_the_importance_of_understanding_the_conflict_as_a_conventional_war?auto_accept_coauthor=true\"><i>LSE Policy Brief<\/i><\/a><i> by Tymofii Brik, Luke Cooper, Mary Kaldor, Nataliia Shapoval. This briefing draws together proposals presented at a private meeting of economists and political scientists led by Tymofiy Mylovanov (KSE) and Joseph Stiglitz (Columbia).<\/i><\/p>\n<ul>\n<li> \u2022 War-economy reorganisation. Demand should not be a problem in a redesigned war economy which primarily faces constraints on supply (resources, people, etc.). The war effort will generate demand and the international community \u2014 above all, the EU, UK, US and West per se \u2014 needs to provide all financial support necessary to achieve these ends.<\/li>\n<\/ul>\n<ul>\n<li> \u2022 Centralisation mechanisms. Markets cannot make the adjustments necessary on their own in the time required without state intervention. In logistics, procurement and construction the state needs to plan and direct business activity to meet war effort needs.<\/li>\n<li> \u2022 Infrastructure investments. Logistics and infrastructure can be coordinated centrally but run by businesses on a decentralised basis, thus sustaining functioning markets for the future. Social needs should be rapidly prioritised; for example, investment in quality prefabricated housing in western Ukraine could meet needs of displaced population in a relatively short period of time, investments in roads can help support logistics in light of Russian occupation of \/ attacks on key maritime trading infrastructure in the south.<\/li>\n<\/ul>\n<ul>\n<li> \u2022 Agriculture. Emergency credit for Ukrainian farmers is critical to ensure that planting takes place this year. Agribusinesses should receive materials, machinery, and other aid to ensure they have resources to harvest\/store\/transport\/export crops. Agribusinesses should be prioritized for credits.<\/li>\n<li> \u2022 Critical role of insurance. The role of insurance is central and cannot be provided effectively by the market given the obvious destruction risks in wartime. The state will need to step in with insurance that effectively underwrites production in key sectors, e.g., protecting farmers to ensure food supply, as well as infrastructure and logistics.<\/li>\n<\/ul>\n<ul>\n<li> \u2022 Protecting Ukraine\u2019s public goods. In order to ensure the on-going civic character of the Ukrainian resistance and its ability to exercise power \u2014 even in extremis conditions of martial law, etc., \u2014 with public legitimacy, international economic assistance should be provided to protect and uphold as far as possible key public goods, such as education, welfare and healthcare systems, policing, legal institutions and the rule of law system.<\/li>\n<li> \u2022 Upholding Ukraine\u2019s \u2018intellectual sovereignty\u2019. Ukraine must be supported in its efforts to defend what they have called their \u2018intellectual sovereignty\u2019 in the face of Putin\u2019s war, i.e., ensuring the on-going presence of the country\u2019s research and educational sector within the worldwide scientific commons, and providing reach and profile to the country\u2019s intellectuals, teachers and researchers in the global community.<\/li>\n<\/ul>\n<ul>\n<li> \u2022 Massive injection of financial liquidity needed. To achieve the above aims Ukraine is in urgent need of an immediate and massive injection of financial liquidity in the form of cash \/ aid \u2014 and not more loans. The EU, UK and US should investigate scope for innovative central bank interventions that could support Ukraine\u2019s financial position and the Hryvnia. While anti-corruption guarantees should not be discarded, they should be proportionate to the reality of Ukraine\u2019s need to rapidly grow the war economy.<\/li>\n<\/ul>\n<ul>\n<li> \u2022 Multistakeholder process for sustainable Ukrainian borrowing. Ukraine needs a mechanism for the suspension of interest payments, which reduces as much as possible downstream risks. It should be agreed rapidly on a multistakeholder basis involving the IMF, World Bank, EU, US and other key actors taking into account the unique situation of the Russian invasion. A long-term public commitment to debt restructuring is also needed based on fair burden- sharing between bondholders and international institutions.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><b><i>Head of KSE Institute, Member of Editorial Board of VoxUkraine<\/i><\/b><\/p>\n<p>Read the full article <a href=\"https:\/\/www.academia.edu\/77803048\/Meeting_the_immediate_needs_of_the_Ukrainian_economy_the_role_of_international_actors_and_the_importance_of_understanding_the_conflict_as_a_conventional_war?auto_accept_coauthor=true\"><b>Meeting the immediate needs of the Ukrainian economy, the role of international actors and the importance of understanding the conflict as a conventional war<\/b><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Based on LSE Policy Brief by Tymofii Brik, Luke Cooper, Mary Kaldor, Nataliia Shapoval. This briefing draws together proposals presented at a private meeting of economists and political scientists led by Tymofiy Mylovanov (KSE) and Joseph Stiglitz (Columbia). \u2022 War-economy reorganisation. Demand should not be a problem in a redesigned war economy which primarily faces\u2026<\/p>\n","protected":false},"featured_media":0,"template":"","categories":[],"tags":[],"department":[],"news_type":[15],"project":[],"region":[],"unit":[38],"class_list":["post-12880","news","type-news","status-publish","hentry","news_type-news","unit-kse"],"acf":{"primary_unit":null,"news_intro":"","header_cta_mode":"event","header_event_cta_text":"\u0414\u043e \u043f\u043e\u0434\u0456\u0457","header_event_cta_url":"","header_research_cta_text":"\u0427\u0438\u0442\u0430\u0442\u0438 \u0432\u0441\u0435 \u0434\u043e\u0441\u043b\u0456\u0434\u0436\u0435\u043d\u043d\u044f","header_research_pdf":null,"author_person":"","author_name":"","related_news":null,"related_events":[],"related_people":[],"related_links":null,"external_link":"","external_link_label":"","is_featured":false,"is_featured_archive":false,"quote_text":"","quote_author":"","quote_author_role":"","program_title":"\u0424\u043e\u0440\u043c\u0430\u0442 \u043f\u0440\u043e\u0433\u0440\u0430\u043c\u0438","program_items":null,"reference_title":"\u0414\u043e\u0432\u0456\u0434\u043a\u0430","reference_content":"","source_system":"migration","source_id":"42810","content_owner":"kse","last_reviewed":null,"visibility":"public","platform_id":"","platform_version":"","platform_managed":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.5 (Yoast SEO v28.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Key pillars for emergency economic assistance - KSE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kse.ua\/en\/news\/key-pillars-for-emergency-economic-assistance-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Key pillars for emergency economic assistance\" \/>\n<meta property=\"og:description\" content=\"Based on LSE Policy Brief by Tymofii Brik, Luke Cooper, Mary Kaldor, Nataliia Shapoval. This briefing draws together proposals presented at a private meeting of economists and political scientists led by Tymofiy Mylovanov (KSE) and Joseph Stiglitz (Columbia). \u2022 War-economy reorganisation. Demand should not be a problem in a redesigned war economy which primarily faces\u2026\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kse.ua\/en\/news\/key-pillars-for-emergency-economic-assistance-2\/\" \/>\n<meta property=\"og:site_name\" content=\"KSE\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/KyivSchoolOfEconomics\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/kse.ua\\\/en\\\/news\\\/key-pillars-for-emergency-economic-assistance-2\\\/\",\"url\":\"https:\\\/\\\/kse.ua\\\/en\\\/news\\\/key-pillars-for-emergency-economic-assistance-2\\\/\",\"name\":\"Key pillars for emergency economic assistance - KSE\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/kse.ua\\\/en\\\/#website\"},\"datePublished\":\"2022-04-29T14:04:34+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/kse.ua\\\/en\\\/news\\\/key-pillars-for-emergency-economic-assistance-2\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/kse.ua\\\/en\\\/news\\\/key-pillars-for-emergency-economic-assistance-2\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/kse.ua\\\/en\\\/news\\\/key-pillars-for-emergency-economic-assistance-2\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/kse.ua\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Key pillars for emergency economic assistance\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/kse.ua\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/kse.ua\\\/en\\\/\",\"name\":\"KSE\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/kse.ua\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/kse.ua\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/kse.ua\\\/en\\\/#organization\",\"name\":\"KSE\",\"url\":\"https:\\\/\\\/kse.ua\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/kse.ua\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/kse-ua-prod-media.fra1.digitaloceanspaces.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/29094456\\\/Logo-3.svg\",\"contentUrl\":\"https:\\\/\\\/kse-ua-prod-media.fra1.digitaloceanspaces.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/29094456\\\/Logo-3.svg\",\"caption\":\"KSE\"},\"image\":{\"@id\":\"https:\\\/\\\/kse.ua\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/KyivSchoolOfEconomics\\\/\"]}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Key pillars for emergency economic assistance - KSE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/kse.ua\/en\/news\/key-pillars-for-emergency-economic-assistance-2\/","og_locale":"en_US","og_type":"article","og_title":"Key pillars for emergency economic assistance","og_description":"Based on LSE Policy Brief by Tymofii Brik, Luke Cooper, Mary Kaldor, Nataliia Shapoval. This briefing draws together proposals presented at a private meeting of economists and political scientists led by Tymofiy Mylovanov (KSE) and Joseph Stiglitz (Columbia). \u2022 War-economy reorganisation. Demand should not be a problem in a redesigned war economy which primarily faces\u2026","og_url":"https:\/\/kse.ua\/en\/news\/key-pillars-for-emergency-economic-assistance-2\/","og_site_name":"KSE","article_publisher":"https:\/\/www.facebook.com\/KyivSchoolOfEconomics\/","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/kse.ua\/en\/news\/key-pillars-for-emergency-economic-assistance-2\/","url":"https:\/\/kse.ua\/en\/news\/key-pillars-for-emergency-economic-assistance-2\/","name":"Key pillars for emergency economic assistance - KSE","isPartOf":{"@id":"https:\/\/kse.ua\/en\/#website"},"datePublished":"2022-04-29T14:04:34+00:00","breadcrumb":{"@id":"https:\/\/kse.ua\/en\/news\/key-pillars-for-emergency-economic-assistance-2\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/kse.ua\/en\/news\/key-pillars-for-emergency-economic-assistance-2\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/kse.ua\/en\/news\/key-pillars-for-emergency-economic-assistance-2\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/kse.ua\/en\/"},{"@type":"ListItem","position":2,"name":"Key pillars for emergency economic assistance"}]},{"@type":"WebSite","@id":"https:\/\/kse.ua\/en\/#website","url":"https:\/\/kse.ua\/en\/","name":"KSE","description":"","publisher":{"@id":"https:\/\/kse.ua\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/kse.ua\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/kse.ua\/en\/#organization","name":"KSE","url":"https:\/\/kse.ua\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/kse.ua\/en\/#\/schema\/logo\/image\/","url":"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2026\/08\/29094456\/Logo-3.svg","contentUrl":"https:\/\/kse-ua-prod-media.fra1.digitaloceanspaces.com\/wp-content\/uploads\/2026\/08\/29094456\/Logo-3.svg","caption":"KSE"},"image":{"@id":"https:\/\/kse.ua\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/KyivSchoolOfEconomics\/"]}]}},"_links":{"self":[{"href":"https:\/\/kse.ua\/en\/wp-json\/wp\/v2\/news\/12880","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kse.ua\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/kse.ua\/en\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":0,"href":"https:\/\/kse.ua\/en\/wp-json\/wp\/v2\/news\/12880\/revisions"}],"wp:attachment":[{"href":"https:\/\/kse.ua\/en\/wp-json\/wp\/v2\/media?parent=12880"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kse.ua\/en\/wp-json\/wp\/v2\/categories?post=12880"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kse.ua\/en\/wp-json\/wp\/v2\/tags?post=12880"},{"taxonomy":"department","embeddable":true,"href":"https:\/\/kse.ua\/en\/wp-json\/wp\/v2\/department?post=12880"},{"taxonomy":"news_type","embeddable":true,"href":"https:\/\/kse.ua\/en\/wp-json\/wp\/v2\/news_type?post=12880"},{"taxonomy":"project","embeddable":true,"href":"https:\/\/kse.ua\/en\/wp-json\/wp\/v2\/project?post=12880"},{"taxonomy":"region","embeddable":true,"href":"https:\/\/kse.ua\/en\/wp-json\/wp\/v2\/region?post=12880"},{"taxonomy":"unit","embeddable":true,"href":"https:\/\/kse.ua\/en\/wp-json\/wp\/v2\/unit?post=12880"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}