This article was originally published by Niqash. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. By Kamal al-Ayash. The authorities are spending a lot of money on reconstruction in the Anbar province. But locals are complaining, saying basic needs are not being fulfilled and the […]
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Iran Offers $3bn LOC for Iraq Reconstruction
By John Lee. Iran’s First Vice President, Es’haq Jahangiri, has said Iran is ready to provide Iraq with a line of credit (LOC) of “up to” three billion dollars to pave the way for the Iranian private sector’s active participation in the reconstruction of the country. According to Iran’s PressTV, he made the statement at […]
“It’s Not the Donations, Stupid”: Key Points from Kuwait Conference
By Ahmed Tabaqchali (pictured), CIO of Asia Frontier Capital (AFC) Iraq Fund. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. ‘It’s Not the Donations, Stupid’: Key Points from the Kuwait Conference With a few exceptions, the coverage of the “Kuwait International Conference for the […]
$30bn Pledged to Iraq – Time to Act!
Following the Kuwait International Conference for the Reconstruction of Iraq earlier this week, Iraq has so far received pledges of financing totalling around $30 billion to help with rebuilding the country after the devastating war against the Islamic State group. While this is well short of the $88 billion in funding estimated to be needed, […]
World Bank’s Commitment to Iraq Reaches $4.7bn
The World Bank Group and the Government of Iraq signed two projects today totaling US$510 million to help the Iraqi people by improving living conditions, enhancing water supplies, and creating jobs. The two projects along with the ongoing US$750 million Emergency Operation for Development program and other planned commitments, will increase the World Bank’s total […]
UN launches Iraq Recovery and Resilience Programme
UN Secretary-General António Guterres launched the Iraq Recovery and Resilience Programme today at the Kuwait International Conference for the Reconstruction of Iraq. The two-year Recovery and Resilience Programme is designed to fast-track the social dimensions of reconstruction and help ensure that people see tangible improvements in their daily lives at the start of the reconstruction […]
Video: Donors pledge more than $300m to Iraq
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq is hoping for more concrete pledges from international donors on the second day of a conference on rebuilding cities and infrastructure shattered by the conflict with ISIL (the Islamic State of Iraq […]
Video: Iraq seeks $100bn for Post-IS Reconstruction
From Al Jazeera. Any opinions expressed are those of the authors, and do not necessarily reflect the views of Iraq Business News. Iraq is hoping to raise billions of dollars at a donor conference starting on Monday in Kuwait – to finance the reconstruction after its campaign against ISIL (the Islamic State of Iraq and […]
Investments in Health can contribute to Peace Dividends
In the lead-up to the Kuwait International Conference for Reconstruction of Iraq, the World Health Organization (WHO) calls on the international community to further invest in Iraq’s devastated health sector. In Anbar, Ninewa, Salah Al Din, and Kirkuk, 14 hospitals and more than 170 health facilities were damaged or destroyed in the three-year conflict. Water […]
Saudis see Opportunities in Helping to Rebuild Iraq
By Mustafa Saadoun for Al Monitor. Any opinions expressed here are those of the author and do not necessarily reflect the views of Iraq Business News. The reconstruction of Iraq’s liberated Sunni areas will open new horizons for the country, as 400 companies worldwide are engaged in the Reconstruction Fund for Areas Affected by Terroristic Operations […]
Denmark Contributes $21.4m for Stabilization in Iraq
Denmark has contributed an additional US$ 21.4 million (DKK 135 million) to UNDP’s Funding Facility for Stabilization (FFS), which finances fast-track initiatives to stabilize areas liberated from the Islamic State of Iraq and the Levant (ISIL). This brings Denmark’s total contribution since 2015 to US$ 38.1 million (DKK 246 million). UNDP Resident Representative for Iraq, […]
Iraq’s $100bn Reconstruction Drive
By John Lee. Prime Minister Haider al-Abadi has said Iraq needs up to $100 billion to fix crumbling infrastructure, according to a report from Reuters. Calling on foreign investors to help it rebuild the country following the defeat of the Islamic State group (IS, ISIS, ISIL, Daesh, he told the World Economic Forum (WEF) in […]