UNITED NEWS INTERNATIONAL (UNI) — Iraqi officials are seeking over $88 billion to rebuild the country after the defeat of the Islamic State group.
The Islamic State seized large swathes of territory in 2014 and 2015, including Iraq’s second largest city Mosul, much of which was destroyed in the campaign to retake the city.
International donors and investors gathered at a reconstruction conference held in Kuwait on Feb. 12.
The head of Iraq’s planning ministry told attendees that $23 billion is needed in the short term and $65 billion in the medium term.
The Associated Press reports an estimated $17 billion is needed for rebuilding homes and another $7 billion to repair oil and gas fields, crucial to Iraq’s economy.
The U.S., which led the air campaign that destroyed much of Mosul, has announced it has no plans to contribute money at the conference.