Reuters: Iraq says reconstruction after war on Islamic State to cost $88 billion
KUWAIT (Reuters) - Rebuilding Iraq after three years of war with Islamic State will cost more than $88 billion, with housing a particularly urgent priority, Iraqi officials told an international donors’ conference on Monday.
Donors and investors have gathered in Kuwait this week to discuss efforts to rebuild Iraq’s economy and infrastructure as it emerges from a devastating conflict with the hardline militants who seized almost a third of the country.
Iraq declared victory over Islamic State in December, having taken back all the territory captured by the militants in 2014 and 2015. The fighters have also been largely defeated in neighboring Syria.
About $23 billion will be needed in the short term and more than $65 billion in the medium term, the director-general of Iraq’s planning ministry, Qusay Adulfattah, told the conference.
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WNU Editor: When one considers Iraq's history of violence and corruption .... this is not going to be an easy task to raise this type of money. But while the focus right now is on reconstruction in Iraq, the country that is going to have an even more difficult problem in raising money for reconstruction will be Syria.
Update: No one should be surprised by this announcement .... Exclusive - US not planning to contribute money at Iraq reconstruction conference: officials (Reuters).
More News On Iraq Seeking $90 Billion In Reconstruction Costs
Iraq urges billions for reconstruction amid donor fatigue -- DW
Iraq seeks $88.2 bln for reconstruction: minister -- AFP
Devastated Iraq seeks $90 billion for reconstruction -- AFP
Iraq seeks $100 billion from donors for post-ISIL reconstruction -- Al Jazeera
Reconstruction hopes hinge on Kuwait conference -- Iraq Oil Report
Iraq Seeks $88 Billion For Reconstruction -- RFE
Billions needed to rebuild war-torn Iraq -- The National
France FM visits Iraq to discuss reconstruction -- AFP
Iraq desperately needs $90bn to repair war-torn country following Isis battles -- International Business Times
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