Reconstruction hopes hinge on Kuwait conference
The 2018 draft budget allocates a tiny fraction of the funding needed to rebuild from the IS war; for the rest, Iraq is seeking international donations and investment.
Residents of Mosul's Musharifa neighborhood line up to receive food and water supplies distributed by the Ninewa Guard forces on May 29, 2017. (RAWAZ TAHIR/Iraq Oil Report)
BAGHDAD/MOSUL - Iraq is counting on an upcoming international donor conference in Kuwait to bring in $100 billion to jump-start reconstruction in areas liberated from the self-proclaimed Islamic State (IS) group.
The conference is especially important to Iraq's economic future because, despite its oil wealth, the government spends so much on public-sector salaries that there is little money left for investment.
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