KUWAIT( Reuters) – Rebuilding Iraq after three years of conflict with Islamic State will cost $88.2 billion, with dwelling a particularly urgent priority, Iraqi officials told an international conference on Monday.
Donors and investors have gathered in Kuwait this week to discuss efforts to rebuild Iraq’s economy and infrastructure as it has emerged from a devastating is consistent with the hardline activists who grabbed almost a third of the country.
Iraq proclaimed succes over Islamic State in December, having taken back all the territory captured by the militants in 2014 and 2015.
About $22 billion will be required in the short term and the other $66 billion in the medium term, the director-general of the country’s planning ministry, Qusay Adulfattah, told the conference, without indicating any timeframe.
“Rebuilding Iraq is restoring hope to Iraq, and restoring the stability of Iraq is stabilizing the states of the region and the world, ” said Planning Minister Salman al-Jumaili, adding that the reconstruction was therefore likewise the responsibility of the international community.