Int'l conf. for Iraq reconstruction kicks off with large participation

Marius Bosch  Reuters
About $22 billion will be required in the short term and another $66 billion in the medium term to rebuild Iraq

Rebuilding Iraq after three years of war with the group Islamic State in Iraq and Syria (ISIS) will cost $88.2 billion USA, with housing a particularly urgent priority, Iraqi officials told an global donors conference on Monday.

The three-day Kuwait International Conference for the Reconstruction of Iraq began here on Monday.

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

USA officials at a donors' conference held for Iraq's reconstitution in Kuwait said Monday that the White House did not plan to pledge funds at the event.

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 is viewed by investors as the 10th most corrupt country in the world, according to Transparency International.

Iraq declared victory over ISIS in December, having taken back all the territory captured by the group in 2014 and 2015.

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

Although the US government was not expected to pledge direct financial aid at the conference, Tillerson said the official USA export credit agency, the Export-Import Bank of the United States (EXIM), would sign with Iraq's finance ministry on Tuesday a $3 billion memorandum of understanding "that will set a stage for future cooperation".

More news: 18 killed and dozens injured as bus topples over in Hong Kong

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

He said that broad participation in these events gives it a great importance and is a message from the worldwide community regarding its commitment to the security and stability of Iraq and its commitment to the reconstruction of its liberated areas.

"I have come to tell you of France's support to accompany you". We will always be there.

"But what we have accomplished is less than one percent of what Iraq needs", Hiti said. "We call for the unconditional and honest participation of the worldwide community in the reconstruction of Iraq", he added. A US -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.

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

This funding also helps internally displaced people in Iraq return home safely and supports the clearance of explosive remnants of war and improvised explosive devices in areas newly liberated from Daesh, states the release.

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

Related News:



Most liked

United States woman wakes up with British accent
Three times in the past seven years, Myers has gone to sleep with blinding headaches only to wake up with a different accent. There's a medical reason for Meyers' problem - she's been diagnosed with a disorder called Foreign Accent Syndrome (FAS ).

Bomber gets life in prison for NY and NJ attacks
In court, Rahimi echoed his father's remarks, seeming to blame the Federal Bureau of Investigation for not stopping him sooner. District Judge Richard Berman also gave him the maximum on the other counts for a total of two life sentences plus 30 years.

Russia Will Try to Interfere in 2018 Midterms, US Intelligence Agencies Say
Coats on Tuesday says US intelligence expects Russia's activities could be a factor in the upcoming American midterm elections. Wray was asked by Sen. "Several agencies throughout the federal government have equities in this", he said.

Sea of Thieves Will Have Premium Shop, But No Loot Boxes
You can also take the visual fidelity as high as you'd like, as evidenced by the spec sheet for the game provided by the studio. In a visit to Rare last week, Daily Star Online had the opportunity to see Rare in action ahead of the launch of the game.

I like the Obama portraits
Michelle LaVaughn Robinson Obama by Amy Sherald / Oil on linen, 2018 / National Portrait Gallery, Smithsonian Institution. Another portrait of President Obama will eventually be unveiled at the White House, though likely not for a few years.

Rand firms as investors wait to see if Jacob Zuma will go
This raises the possibility that Mr Ramaphosa , who is deputy president, could replace Mr Zuma by the weekend or even earlier. Zuma had asked the party to give him a notice period of three to six months but that had been rejected, Magashule said.

Local florists prepare for Valentine's Day
Chantel Diehl said it was the positive reviews from FromYouFlowers.com that convinced her to order flowers from the company. Although once Valentine's Day is here, they are usually reminded about the amount of energy it takes to get through it.

Here's the moment Slovenia ripped out Team USA's heart in OT
Brian O'Neill gave team US a 1-0 lead at the end of the first period off a nice assist from Roe Garrett from behind the net. Ryan Zapolski made 22 saves as the United States failed to protect a two-goal lead in the final period.

State AG asks court to intervene in sale of Weinstein company
The suit charges that the human resources department at the Weinstein Company was completely corrupt. Allegations first surfaced in October after an investigative report by the New York Times.

At Winter Games opening ceremony, a message of peace
Otto had been in North Korea on an organized tour when he was arrested for allegedly stealing a propaganda poster from a hotel. But Pyongyang's nuclear programme will hang over any attempts to bring the countries closer together.

All-round Australia sweep into tri-series final
But England got off to a dream start as Willey had danger-man Warner caught behind from the third ball of the innings on just two. The hosts continued their ideal T20I run to make it to the tri-series final which will be played in Auckland on February 21.

Grieving Kim Cattrall Lashes Out At SJP: "You Are Not My Friend"
Kim also included a link to an article in the NY post about the " mean girl culture " on Sex and the City . Cynthia Nixon , Parker and Cattrall's co-star, also left a message of support: "Hey Kim such bad news".

Kim Jong Un's sister stealing show at Olympics
The hardline USA policy is at odds with the more conciliatory approach towards the North favoured by South Korea . And that folder? It turns out it contained a personal letter from Kim Jong Un to South Korea's president.

LL Bean imposes limits on its return policy, citing fraud
L.L.Bean should have information on file for customers who bought from it directly and provided their information at the time. Bean customer service representatives were required to ask for a reason for a product's return.

Deadly blasts hit mosque in Libya By
The summary executions are believed to be carried out by Mahmoud al-Werfalli, a special forces commander for the LNA. It has since imposed strict military control on the city and other parts of eastern Libya under its control.