The World Bank and other multilateral development bodies are playing a key role in the Ukraine Recovery Conference which is focusing on the role the private sector can play in rebuilding the country.

The total reconstruction bill was estimated at $411bn in March but continued fighting with Russia means that will now be higher.

The conference will start on Wednesday, hearing from the co-hosts, UK Prime Minister Rishi Sunak and Ukrainian President Volodymyr Zelensky.

Mr Sunak is set to announce $3bn in World Bank loan guarantees, and will tell the delegates: "As we've seen in Bakhmut and Mariupol, what Russia cannot take it will seek to destroy. They want to do the same to Ukraine's economy."

"President Zelensky's government is determined to drive reforms to become more open, more transparent and ready for investment."

When asked about the conference in a BBC interview, Mr Zelensky said: "On the larger scale we are speaking about the transformation of Ukraine. This is Ukraine not only with its energy and agriculture and industrial complexes, but with its reforms we can see. This is the digitalisation of our country."

He also thanked the UK government and the people for their support of Ukraine since the start of a full-scale invasion by Russia in February 2022.