Iraq Seeks $100 Bln to Rebuild Economy

[Marina Schwarz + 1,576]

Iraq needs $100 billion in foreign investment to rebuild its economy. Part of the plan seeks to diversify the country away from oil. It's catching, apparently. Where will the money come from, however, remains an open question.

[Petar + 76]

Iraq needs to revalue and set their currency. Stabilizing and having a credible currency that does not trade like a currency experiencing hyperinflation would make their ability to purchase and borrow internationally much easier.

[Pavel + 384]

If Iraq needs 100 billion, how much more will be needed for Syria

[damirUSBiH + 327]

Cost of war - reconstruction
Iraq:   $55-100 billion
Syria: $170-200 billion
Libya: $100-125 billion..

[damirUSBiH + 327]

Iraq only got $30 billion of the $100 billion it sought at a fundraising conference! Much of the money is in the form of investment loans and guarantees, not cash. 

[franco + 96]

They destroyed them, and now grant a loan. A mercy.

[Pavel + 384]

This is good chance for Iran who now can with small money to cover Iraq 

[damirUSBiH + 327]

I fear that in any case the international effort to rebuild Iraq will go to the pockets of the mullahs in Iran, who are the ones who control the joints of every government in Iraq.

[Petar + 76]

Iraq reconstruction pledges:
Turkey: $5 billion
Kuwait: $1 billion loans + $1 billion investment
Saudi Arabia: $1.5 billion
Arab Fund: $1.5 billion
Qatar: $1 billion
UAE: $500 million
Islamic Development Bank: $500 million
Germany: $617 million
EU: $494 million
US: $3 billion

[Pavel + 384]

Countries develop on debt, especially after war. History is literally littered with examples of how postwar reconstruction or wealthy countries spurs on growth. 

[damirUSBiH + 327]

30 billion loans added to Iraq's +122 billion loans? For a country exporting 4 million barrels of oil everyday is a total failure. 

[franco + 96]

Iraq has 2nd largest oil reserves on earth - 140 billion barrels. And, they still need money injection from the world. Ok. they had 2 wars, but with this oil reserves and without corruption they can have nice future.

[damirUSBiH + 327]

Appetite of International Community for donations to Iraq is pretty low. I don't think they'll get level of funding like before. Just  like in my country. Years after war we got money from the IC, but 80 percent of that money  ended up in pockets of political oligarchs and corrupt officials... And, of course, the day has come when IC stopped with financing....

[Pavel + 384]

Pay and help for what? I found info, by security analysts and consultants how firms frequently pay up to $10,000 a day for protection services when operating in certain parts of the country ?? An unsustainable number for all but large multinational companies.