Iraq News - Local News - Baghdadpost

Iraq conditions relevant for reconstruction, says minister

Salman al-Jumaili

Iraq's Planning Minister Salman al-Jumaili said Monday the conditions of his country are relevant for reconstruction efforts. 

Al-Jumaili added his country needs $88.2 billion for reconstruction after years of war against ISIS.

This comes as an international conference on the country's reconstruction is being held in Kuwait.

However, analysts warn the cash raised from the conference would be siphoned off by Iran-allied militias in Iraq, most notably IMIS Militias. 

Iraq hopes to raise billions of dollars in pledges at the three-day meeting, as the country reels from the rise of ISIS and punishing fightback against the jihadist group.

In December, Iraqi PM Haider Abadi declared victory against ISIS, after almost three years of war against the jihadist group that left large swathes of the country destroyed and millions displaced.

The $88.2 billion estimate was based on an assessment study by Iraqi and international experts, the planning minister said.