Iraq stresses role of private sector in reconstruction process

The Journal published the article on the cost of rebuilding the war-ravaged country ahead of comments by Iraqi officials to worldwide donors during a conference in Kuwait Monday, noting that the World Bank assessment is expected to frame reconstruction arguments during the three-day event.

The meeting, which brings together several economic powers, as well as regional and worldwide organisations, will discuss the required contributions to rebuilding Iraq after many years of war and conflict, reports Xinhua news agency.

Freeland's announcement comes as the worldwide conference on Iraq's reconstruction begins in Kuwait, and nearly two months after the Iraqi government made a plea for funds to rebuild liberated areas.

According to the ministry official website, the spokesman underlined that Iran has had no hesitation in supporting the nation and government of Iraq as it has always stood by them in fight against terrorism and will continue to do so in the future. These projects are largely focused on infrastructure, with rebuilding the facilities at Mosul's airport a major focus, according to Reuters.

Rebuilding homes, hospitals, schools, roads, businesses and telecommunications will be the keys to providing jobs, ending the displacement of hundreds of thousands of people and putting an end to decades of political and sectarian violence.

U.S. officials at a donors' conference held for Iraq's reconstitution in Kuwait said Monday that the White House did not plan to pledge funds at the event.

Lise Grande, U.N. Humanitarian Coordinator for Iraq, said failure to help Iraq could lead to renewed instability.

Iraq needs some $20 billion now to begin its reconstruction, al-Hiti said.

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. Secretary of State Rex Tillerson will attend the conference, and he has said that there are "Arab donors willing to help and support".

"If the worldwide community doesn't help the government of Iraq to stabilize these areas (devastated by the war) the gains against ISIS could be at risk", she said.

Baghdad has said it is determined to tackle the red tape and corruption that hamper investment.

World Bank officials joined Iraqi government representatives on today in Kuwait City to seek pledges from more than 2,000 representatives of worldwide firms in attendance.

Among the hardest-hit areas is Mosul, which Iraqi forces, aided by Iranian-backed Shiite militias and a US -led coalition, recaptured in July 2017.

The US also occupied Iraq for eight years after its invasion of the country in 2003, which led to the fall of former strongman Saddam Hussein.

  • Joey Payne