Iraq: $100 bln plan to rebuild liberated areas post-ISIS

Iraqi soldiers look a tunnel build by ISIS fighters in a building destroyed by an airstrike in a village of Mahana some 60 km south of Mosul, Iraq, April 28, 2016. (Reuters)

Iraq’s Planning Minister Salman Al-Jumayli said on Wednesday that a plan has been formulated to rebuild the liberated areas from ISIS over the span of the next 10 years with $100 billion starting 2018.

“The plan to bring stability and development for the liberated areas will be in two steps. The first will be from 2018 to 2022, and the second from 2023 to 2028,” Al-Jumayli said in a statement he made on the sidelines of his meeting with the World Bank’s Regional Director Saroj Kumar Jha, the Ankara-based Anadolu agency reported.

“The government is trying to provide the figure through grants, international loans, and from what has been provided through the general budget of the country,” he added.

The Funding Facility for Immediate Stabilization (FFIS), established in 2015, is currently carrying out immediate projects in the liberated areas.
 

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Last Update: Wednesday, 20 May 2020 KSA 09:48 - GMT 06:48
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