The Ukrainian refugee crisis will probably cost European countries $36 billion in the short term, an International Monetary Fund expert has said.
This comes as the war in Ukraine enters a dangerous and fast-escalating new phase that could quickly create further refugee flows.
Russia’s invasion of Ukraine on February 24 sparked one of the worst refugee crises in European since the Second World War, with more than 14.5 million people displaced. Just over half stayed in Ukraine, while seven million people fled abroad — mostly to other European countries.
Poland has taken in 1.4 million refugees, followed by Germany, which has taken in 1 million. The Czech Republic is currently accommodating nearly 400,000 Ukrainians.
“The response by European countries showed that a more co-ordinated and effective revenue policy is possible when there is political will,” Nicolo Bird, an IMF technical assistance adviser, said at a fund event in Washington on Tuesday
Mr Bird estimated that the short-term cost would be $36bn.
“Given the growing refugee crisis across the world, important lessons can be drawn from the treatment and management of the Ukraine refugee crisis in Europe.”
The influx of refugees to European countries has already placed an economic burden on those housing them.
Mr Bird urged European countries to plan for the short and long term, as the conflict in Ukraine appears to have no immediate end in sight.
When it does conclude, he expects a long reconstruction process.
Europe has embraced Ukrainian refugees in a way not afforded to those fleeing other conflicts and disasters.
Mr Bird said he hoped this united front will serve as a template for how the international community handles future refugee crises.
Tips to stay safe during hot weather
- Stay hydrated: Drink plenty of fluids, especially water. Avoid alcohol and caffeine, which can increase dehydration.
- Seek cool environments: Use air conditioning, fans, or visit community spaces with climate control.
- Limit outdoor activities: Avoid strenuous activity during peak heat. If outside, seek shade and wear a wide-brimmed hat.
- Dress appropriately: Wear lightweight, loose and light-coloured clothing to facilitate heat loss.
- Check on vulnerable people: Regularly check in on elderly neighbours, young children and those with health conditions.
- Home adaptations: Use blinds or curtains to block sunlight, avoid using ovens or stoves, and ventilate living spaces during cooler hours.
- Recognise heat illness: Learn the signs of heat exhaustion and heat stroke (dizziness, confusion, rapid pulse, nausea), and seek medical attention if symptoms occur.
Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
Ain Dubai in numbers
126: The length in metres of the legs supporting the structure
1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch
16 A380 Airbuses: The equivalent weight of the wheel rim.
9,000 tonnes: The amount of steel used to construct the project.
5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place
192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.
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Lexus LX700h specs
Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor
Power: 464hp at 5,200rpm
Torque: 790Nm from 2,000-3,600rpm
Transmission: 10-speed auto
Fuel consumption: 11.7L/100km
On sale: Now
Price: From Dh590,000
The%20specs
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The specs: 2018 Nissan 370Z Nismo
The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
Fuel consumption, combined: 10.5L / 100km
