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BAGHDAD – Iraq hopes to raise billions of dollars at a conference next month to fund reconstruction after its costly war against the Islamic State group, but many fear the country’s endemic corruption could undermine the appeal.
Iraq declared victory over the Islamic State group in December after driving the extremists from nearly all the territory they once held, but three years of grueling combat has taken a devastating toll, leaving entire towns and neighbourhoods in ruins.
Neighbouring Kuwait will host an international conference in mid-February aimed at rallying support for Iraq’s reconstruction. The United Nations, the United States and Saudi Arabia support the initiative, the details of which have yet to be made public.
Iraqi officials say they will need up to $100 billion to rebuild after the war against IS.
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