Iraq News - Local News - Baghdadpost

Abadi launches recaptured districts' reconstruction, development plan

Haider al-Abadi

Prime Minister Haider al-Abadi declared the launching of the national document for recaptured districts' reconstruction and development plan, which is estimated at 100 billion US dollars. 

With respect to the economic side, Abadi said the government's economic plans and future vision had been prepared.

The government has launched the five-year development plan 2018-2022, proposed by the Ministry of Planning. The second version of poverty alleviation strategy for 2018-2022 has been launched, he noted. 

Iraq's vision for sustainable development 2030 has been launched in agreement with the UN, he further stated.  

Iraqi prime minister also said that stabilization will include districts that had been retaken from ISIS and the reconstruction operations will be nationwide.  

Many Iraqi cities have been devastated as a result of ISIS occupation and the military operations to recapture the districts seized by the terrorist group. 

Amid a crippling financial crisis, Iraq needs billions to reconstruct the retaken districts.

But funding is far lower than what Iraq says it needs. So far, stabilization has received some $392 million in contributions. The United States has given the lion's share, some $115 million. 

Germany is the second biggest donor at $64 million. The United Arab Emirates and Kuwait are also contributing.

Overall, Washington has contributed $265 million to reconstruction since 2014, on top of $1.7 billion in humanitarian assistance in Iraq.

Last Modified: Wednesday، 03 January 2018 02:09 PM