Iran welcomes Iraq reconstruction conference in Kuwait

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They confirmed the obstacles in Iraq are not restricted to reconstructing the areas affected from the war on terror.

The minister noted that this comes in line with the principled stance of Kuwait to stand by neighboring Iraq, congratulating at the same time Iraq on its recent victories in liberating its territory from the grip of the IS, which is a danger not only to the region but also to the whole world.

In accordance with this, Foreign Minister Mevlüt Çavuşoğlu, who is scheduled to attend the Kuwait International Conference for the Reconstruction of Iraq, will announce Turkey's major projects for Iraq today.

The spokesman also noted that the International Conference for Reconstruction of Iraq is mainly aimed at gathering financial support from different international sources for the reconstruction of the Arab country, particularly its war-torn areas, paving the way for offering lasting solutions to the internal conflicts, modernization of Iraq's local and national capacities, improving Iraq's social structure, creating balance between reconstruction projects and national reconciliation efforts and attracting foreign investments. Jobs for young people could be provided during the rebuilding of homes, schools and other vital infrastructure systems in the country.

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"What we have accomplished is less than one percent of what Iraq needs", Hiti said.

Kuwait on Monday opened a week of conferences seeking aid for rebuilding Iraq after the onslaught of the Islamic State group, seeking tens of billions of dollars for a nation only a generation ago that invaded it.

A boy holds onto his mother as a Iraqi special forces armored vehicles drive by, during fighting with Islamic state militants in western Mosul, Iraq, Tuesday, March 14, 2017.

Lise Grande, UN humanitarian co-ordinator for Iraq, said failure to help Iraq could lead to renewed instability.

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World Bank officials joined Iraqi government representatives on today in Kuwait City to seek pledges from more than 2,000 representatives of worldwide firms in attendance.

"If the worldwide community doesn't help the government of Iraq to stabilize these areas (devastated by the war) the gains against ISIS could be at risk", she said.

"Add to that the total damages in the security sector, which amounted to $14bn and the value of losses on bank assets, about $10bn", he said.

Iraq reopened to foreign investment after the 2003 US invasion, but the vast majority of the billions of dollars invested went to increasing its oil and natural gas production.

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Clean-up crews in Mosul, Iraq, after the city was recaptured from the Islamic State in July previous year.

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