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Int'l firms fear corruption to hinder rebuilding of destroyed areas

Global firms fear corruption hinders rebuilding Iraqi destroyed areas

The International Conference, which will be held in Kuwait on February 12, will not be able to provide $100 billion for rebuilding the destroyed areas in Iraq, Iraqi economist Abdul Hussein Al-Monzeri said on Sunday.

Monzeri asserted that Iraq is in dire need to build new institutions, power plants, schools and hospitals.

He stressed that international companies and governments are fearing that corruptionin Iraq will impede rebuilding process.

He added that the UK has loaned Iraq $13 billion in which the UK companies will carry out projects in Iraq.

Last Modified: Sunday، 28 January 2018 03:38 PM