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Iraq says reconstruction after war on Islamic State to cost $88 billion
KUWAIT - Rebuilding Iraq after three years of war with Islamic State will cost $88.2 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.

  

About $22 billion will be required in the short term and another $66 billion in the medium term, the director-general of the country's planning ministry, Qusay Adulfattah, told the conference, without indicating any time frame.

 

"Rebuilding Iraq is restoring hope to Iraq, and restoring the stability of Iraq is stabilising the states of the region and the world," said Planning Minister Salman al-Jumaili.

  

 


First published: 02.12.18, 13:34