$88.2 billion needed to rebuild Iraq

13 Feb 2018 11:49 AM | International
26 0 Report

Kuwait on Monday opened a week of conferences seeking aid for rebuilding Iraq after the onslaught of the Islamic State group, seeking tens of billions of dollars for a nation only a generation ago that invaded it.

Authorities estimate Iraq needs $88.2 billion to restore a country smashed after the Sunni extremists seized the country’s second-largest city of Mosul and a mass of territory in June 2014.

“We finished one battle but we are engaged now with a war for reconstruction,” said Mustafa al-Hiti, the head of Iraq’s reconstruction fund for areas affected by terrorist operations.

Among the hardest-hit areas is Mosul, which Iraqi forces, aided by Iranian-backed Shiite militias and a U.S.-led coalition, recaptured in July 2017. Their victory came at a steep cost for Mosul, as coalition airstrikes and extremist suicide car bombs destroyed homes and government buildings.

Of the money needed, Iraqi officials estimate $17 billion alone needs to go toward rebuilding homes, the biggest single line item offered Monday on the first day of meetings. The United Nations estimates 40,000 homes need to be rebuilt in Mosul alone.

“The majority of the damage was to western Mosul as it went through one of the worst and fiercest battles in history,” said Nofal al-Akoub, the governor of Iraq’s Nineveh province. It “led to the total destruction of its infrastructure.”

Courtesy: The Hindu

Edited By

venki swamy

Reported By

venki swamy

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