Iraqi reconstruction to cost $88 billion

Kurdistan hopes to get a fair share during the Reconstruction Conference in Kuwait

The Journal published the article on the cost of rebuilding the war-ravaged country ahead of comments by Iraqi officials to worldwide donors during a conference in Kuwait Monday, noting that the World Bank assessment is expected to frame reconstruction arguments during the three-day event.

The US spent $60 billion on projects aimed at reconstructing Iraq after the ouster of President Saddam Hussein in 2003.

Abdulwahab Al Bader, Director General of Kuwait Fund for Arab Economic Development (KFAED) reminded the attendees that Iraq was viciously attacked by terrorism, leading to the displacement of over five million civilians. Only half have returned to their hometowns in Iraq. The country is still devastated from the 2003 USA war of aggression and 8.5 year military occupation, which spurred Sunni insurgencies and led to the collapse of the US- and NATO-trained military in 2014. Yet now the United States does not want to contribute a dime to the recovery of the country.

The over $3 billion package now planned for Iraq from the Americans will come from the Export-Import Bank of the United States, according to a USA official. The official spoke on condition of anonymity to discuss the package prior to its announcement. It marks something of a turnaround for Trump, who railed against the government agency during his 2016 campaign. The conference was held in Kuwait and included donors and investors, as well as other countries. The disaster of the loss of 40% of the country's territory to ISIL in 2014 was accompanied by the disaster of a dramatic halving of oil prices in recent years.

During the summer of 2014, Kuwait contributed $10 million to United Nations humanitarian agencies and IOM in response to the deteriorating humanitarian crisis in Iraq and donated $3 million to UNHCR in support of the organization's operations in Iraq. But the urgent needs of the Iraqi people need to come first. If you believe in collaboration to produce quality neutral journalism for everyone, it is important that you sign up to support our work financially. "There is money to continue fighting, there is money to continue agendas that are not serving children", Cappelaere said. ISIS is another acronym for Islamic State. "We know we can not provide it through our own budget", he said at the World Economic Forum in Davos, Switzerland last month.

Abu Shattal added that such participation highlighted Jordan's support for the Iraq government's efforts to achieve national reconciliation as well as stability and security in various regions of Iraq, stressing Jordan's readiness to provide more assistance and cooperation in this field.

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