Iraq seeks $100bn from Davos investors for post-war reconstruction
Davos — Iraq called on Thursday for foreign investors to help it rebuild after defeating Islamic State and making progress in reuniting the country, saying it would need up to $100bn to fix crumbling infrastructure and war-torn cities. Prime Minister Haider al-Abadi said help was needed with dozens of projects, as Iraq prepares for a major donors conference in Kuwait next month, which will be held together with the World Bank. "It’s a huge amount of money. We know we cannot provide it through our own budget," Abadi told the World Economic Forum in Davos, Switzerland. "We know we cannot provide for it through donations, that’s almost impossible. So that’s why we (have) now resorted to investment and reconstruction through investment. This is a way forward and we can achieve it," he said. Abadi came to Davos in 2016 and pledged to defeat Islamic State before the end of that year. He did not come in 2017 as the war on militants took longer than anticipated, although he declared full vi...
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