Kuwait urges broad participation in reconstruction of Iraq

15 February, 2018, 00:18 | Author: Kim Reid
  • TigerSwan to Attend Kuwait International Conference for Reconstruction of Iraq

Rebuilding Iraq after years of war and economic turmoil will cost $88.2 billion, the director-general of the country's planning ministry, Qusay Abdulfattah, told an global conference in Kuwait today.

Large parts of Iraq's second-largest city, Mosul, are still in ruins, more than six months after it was retaken by the government. Half of Iraq's schools are in need of fix, and more than three million children have suffered disruption to their time in the classroom.

Kuwait is setting aside its past differences with Iraq to host the summit.

Meanwhile, the United States is not expected to contribute any money at the conference in Kuwait that's aimed at funding Iraq's reconstruction.

Kuwait has opened a week of conferences seeking aid for rebuilding Iraq after the onslaught of the Islamic State group.

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Planning Minister Salman al-Jumaili said during the conference that those ignoring Iraq's pleas for financial help were forsaking the security of the entire Middle East region.

The funding will go toward rebuilding roads, hospitals and government buildings in Iraq, according to a release from Global Affairs.

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One reform focuses on improving the business environment by allowing foreign companies to register rapidly and begin work on construction projects.

"We have to talk about what the investor's guarantees are".

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Kuwait's state news agency, KUNA, reported a pledge of providing Iraq with $330 million in humanitarian aid by non-governmental organizations at a parallel NGO conference.

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. Millions have died in the never-ending wars fought in the country and tens of thousands more could perish if the country is not given help to get back on its own feet.

Meanwhile France's Foreign Minister Jean-Yves Le Drian visited Iraq on Monday to discuss the war-torn country's reconstruction. We were there to participate in the coalition. The minister will also explain efforts that Turkey has made so far for the stability and welfare of Iraq and the steps it plans to take moving forward.

He is also set to express France's opposition to any death penalty for two French women awaiting trial in Iraq over accusations of joining ISIL.

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