Published: Thu, February 15, 2018
Global | By Enrique Rogers

$88B needed to rebuild Iraq after Islamic State war

$88B needed to rebuild Iraq after Islamic State war

The Kuwait conference's second day will be devoted to the private sector's role in rebuilding Iraq, with more than 2,000 companies and businessmen due to attend, according to the Gulf country.

"If the global community doesn't help the government of Iraq to stabilize these areas (devastated by the war) the gains against Daesh could be at risk", said Lise Grande, UN Humanitarian Coordinator for Iraq, at the Kuwait conference.

Qusay Adulfattah, director-general of Iraq's planning ministry, said Iraq would need $23 billion in the short term to help with rebuilding.

Iraq declared victory over Islamic State in December, after three years of the militant group waging war in large parts of Iraq and Syria.

In a Monday statement, Qassemi underlined the significance of Iraq as a friend and neighbor of Iran, and said Iranian Foreign Minister Mohammad Javad Zarif will take part in Kuwait conference.

"If communities in Iraq and Syria can not return to normal life, we risk the return of conditions that allowed ISIS to take and control vast territory", US Secretary of State Rex Tillerson told a donors' conference for Iraq hosted by Kuwait.

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Foreign Affairs Minister Chrystia Freeland announced Tuesday that the federal government will contribute $12 million to help rebuild areas liberated from the Islamic State in Iraq.

Iraq needs almost $90 billion to rebuild after three years of war with the Islamic State group, officials said Monday, with large parts of the country in ruins and tens of thousands left homeless.

"If the worldwide community doesn't help the government of Iraq to stabilize these areas [devastated by the war] the gains against Daesh could be at risk", she said, using the Arabic acronym for ISIS. "As they were victorious against Daesh they will be, with your support, victorious in the battle of reconstruction", he told the conference. A USA -led invasion in 2003 toppled dictator Saddam Hussein and was followed by years of occupation, insurgency and sectarian and ethnic conflict, before Islamic State emerged in 2014. We will always be there.

The United States on Tuesday urged members of the coalition fighting Islamic State to help rebuild Iraq or risk a reversal of the gains made against the group, and said it would extend to Baghdad a $3 billion credit line. "We call for the unconditional and honest participation of the worldwide community in the reconstruction of Iraq", he added. "We will also be there in the reconstruction phase", Le Drian said.

Fleeing Iraqi civilians walk past the heavily damaged al-Nuri mosque as Iraqi forces continue their advance against ISIS in the Old City of Mosul on July 4.

Since the 1980s, resource-rich Iraq has been battered by war and worldwide economic sanctions.

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