Published: Thu, February 15, 2018
Worldwide | By Victor Meyer

Iran Vows to Play Major Role in Iraq's Reconstruction

Iran Vows to Play Major Role in Iraq's Reconstruction

Iraqi Prime Minister Haider al-Abadi, whose government puts the costs of reconstruction at more than $88 billion, said Iraq could not rebuild without outside help.

He said the figure was based on a study by Iraqi and global experts, who assessed the impact of the conflict that left large swathes of the country destroyed and approximately 2.5 million people displaced.

The director general of Iraq's Planning Ministry, Qusay Adulfattah, said the country would need some $23 billion in the short term and more than $65 billion in the medium term.Daesh controlled nearly a third of Iraq at the peak of its devastating campaign.

The participants of Kuwait International Conference for the Reconstruction of Iraq (KICRI) stressed the importance of the human dimension in supporting the reconstruction of Iraq.

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.

The Kuwaiti Deputy Prime Minister and Foreign Minister Sheikh Sabah Khaled Al-Hamad Al-Sabah called on all friendly countries as well as worldwide organizations to meet in Kuwait and support the efforts in rebuilding Iraq.

Iraq declared victory over Islamic State in December, having taken back all the territory captured by the militants in 2014 and 2015.

Officials said housing was an urgent priority - the war damaged some 138,000 housing units, of which half had been completely destroyed.

Countries and companies converge on Kuwait City to meet Iraq's plea for funding
Conference on Iraq's reconstruction begins in Kuwait

Nato Secretary-General Jens Stoltenberg said the alliance was ready to answer a United States call for it to expand its small training mission in Iraq to support reconstruction.

The government appeal was made during an global aid conference that opened in Kuwait on Monday.

French Foreign Minister Jean-Yves Le Drian, whose country is a key member of the anti-IS coalition, visited Iraq on Monday ahead of attending the conference. We will always be there.

Iraq reopened to foreign investment after the 2003 USA invasion, but the vast majority of the billions of dollars invested went to increasing its oil and natural gas production.

Iraq-OPEC's second-largest oil producer behind Saudi Arabia-will be looking to attract investment mostly in the downstream, planning the construction of new refineries with different capacities, including one at the Al-Faw Port with a 300,000-bpd capacity. "We call for the unconditional and honest participation of the global community in the reconstruction of Iraq", he added.

It was at war with Iran for most of the 1980s, and its invasion of Kuwait in 1990 led to war with a US -led coalition and more than a decade of global sanctions.

"The U.S., which has already spent billions of dollars on the war against ISIS and in providing aid to displaced Iraqis and Syrians, doesn't intend to donate funds for Iraq's reconstruction", pointed out WSJ.

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