Iraq Seeks $88.2 Billion For Reconstruction After Years Of War Against ISIS

US not planning to contribute money at Iraq reconstruction conference officials

Iraq Seeks $88.2 Billion For Reconstruction After Years Of War Against ISIS

Large parts of Iraq's second-largest city, Mosul, are still in ruins, more than six months after it was retaken by the government.

Iraq has issued an urgent appeal for billions of dollars of global aid to rebuild areas devastated by a 3-year battle with the Islamic State militant group.

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.

The Middle Eastern nation declared victory over Islamic State in December, having taken back all virtually all the territory captured by the Islamic terror group in 2014 and 2015.

Freeland's announcement comes as the global conference on Iraq's reconstruction begins in Kuwait, and nearly two months after the Iraqi government made a plea for funds to rebuild liberated areas.

Participants attend a presentation during the Kuwait International Conference for Reconstruction of Iraq on February 12, 2018, in Kuwait City.

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Iraqi officials told an global donors' conference that it will cost more than $88 billion to rebuild Iraq after fighting with the Islamic State for more than three years.

Around 138,000 houses and flats have been damaged, with half of them completely destroyed.

Iraq has been plagued by violence over the past 15 years.

UN agencies UNICEF and UN-Habitat called for urgent investment to restore basic infrastructure and services for children and families.

Global organisations are to speak on the first day, while attending donor countries are expected to make announcements on the third.

"I have come to tell you of France's support to accompany you".

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The European participants stressed, in a session on the high-level experts of the Iraq reconstruction program and the role of financial institutions, human dimension should be a priority as a result of the suffering of the Iraqi displaced people from the war against ISIS. We will always be there.

However, the secretary-general of Iraq's Council of Ministers Mahdi al-Alaq said nations could it help by acting as guarantors with global lenders. We were there to participate in the coalition (against IS).

Iraq is also planning to establish four economic zones, he said.

The Kuwait International Conference for the Reconstruction of Iraq kicked off Monday in Kuwait City, Kuwait's capital, with the focus on post-war reconstruction of Iraq and vital issues concerned.

Iraqi forces are backed by an worldwide coalition led by the United States, which pounds militant strongholds from the air.

The US also occupied Iraq for eight years after its invasion of the country in 2003, which led to the fall of former strongman Saddam Hussein.

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