Cost of rebuilding Iraq pegged at more than $88B US - News Summed Up

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Cost of rebuilding Iraq pegged at more than $88B US


Rebuilding Iraq after three years of war with the group Islamic State in Iraq and Syria (ISIS) will cost $88.2 billion US, with housing a particularly urgent priority, Iraqi officials told an international donors conference on Monday. Iraq declared victory over ISIS in December, having taken back all the territory captured by the militants in 2014 and 2015. "Rebuilding Iraq is restoring hope to Iraq, and restoring the stability of Iraq is stabilizing the states of the region and the world," said Planning Minister Salman al-Jumaili. (Thaier Al-Sudani/Reuters)Lise Grande, UN humanitarian co-ordinator for Iraq, said failure to help Iraq could lead to renewed instability. Iraq is the 10th most corrupt country in the world, according to Transparency International.


Source: CBC News February 12, 2018 11:48 UTC



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