Iraq seeks USD 88.2 bln for reconstruction: minister

Iraq needs USD 88.2 billion to rebuild after three years of war against the Islamic State group, Planning Minister Salman al-Jumaili said today at an international conference on the country's reconstruction in Kuwait.

The estimate was based on an assessment study by Iraqi and international experts, the minister told the opening session of the three-day conference.

Qusai Abdelfattah, director general at the planning ministry, said USD 22 billion of those funds were needed immediately and the rest for the medium term.