Iraq seeks $100 billion from donors for post-ISIL reconstruction

Iraq seeks $100 billion from donors for post-ISIL reconstruction

Iraq seeks $100 billion from donors for post-ISIL reconstruction

The Iraqi government needs $88.2 billion (€71.92 billion) for reconstruction efforts after its victory against the "Islamic State" (IS) militant group, Iraqi Planning Minister Salman al-Jumaili said at the opening of an global conference on the issue in Kuwait on Monday.

Iraq needs to raise $100 billion to rebuild, Prime Minister Haider Al Abadi has said, after the fight against militants and decades of sanctions and war.

Meanwhile, the United States is not expected to contribute any money at the conference in Kuwait that's aimed at funding Iraq's reconstruction.

About $22 billion will be required in the short term and $65 billion in the medium term, Reuters reported Adulfattah saying at the conference, which was arranged to discuss Iraq's reconstruction.

He hoped that these conferences, efforts and activities will achieve its objectives, adding that since "they have made tremendous efforts to win in time of war, we all must exert greater efforts to win in time of peace".

Iraqi government officials said on Monday at the opening of the three-day conference that the funds raised will be directed at a country that is now better placed to combat corruption and failures in investment accountability.

Authorities from global organizations and foreign nations crowded into conferences in Kuwait City on Monday.

Kuwait is setting aside its past differences with Iraq to host the summit.

The US, which has been leading a military coalition purportedly fighting Daesh, claims it has played a major role in Iraq's war against terrorists.

"Damage reached infrastructure, transport, power and water facilities, as well as crops, in addition to deterioration in educational and health services", he said.

Iraq has published a list of some 157 projects for which it is seeking private investments at the conference, which some 1,900 delegates representing foreign governments, private firms and NGOs have registered to attend.

In June 2014, through United Nations bodies and specialized humanitarian organizations, Kuwait chose to provide urgent humanitarian aid to displaced Iraqis as a result of the deterioration of security conditions in their country.

French Foreign Minister Jean-Yves Le Drian also vowed his country's support during a visit to Iraq on Monday, without giving a specific figure.

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

NATO Secretary-General Jens Stoltenberg said the alliance was ready to answer a USA call for it to expand its small training mission in Iraq to support reconstruction.

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