Dec 28, 2017

Questions abound over who will fund Iraqi reconstruction

The Iraqi city of Mosul in November. Photo: Chris McGrath / Getty Images

The Iraqi military and U.S.-led coalition succeeded in uprooting the Islamic State group across the country, but the damage is nearly incalculable, AP reports from Mosul.

Why it matters: "So far no one is offering to foot the bill. The Trump administration has told the Iraqis it won't pay for a massive reconstruction drive."

  • "For nearly 2½ miles along the western bank of the Tigris River, hardly a single building is intact. The warren of narrow streets of Mosul's Old City is a crumpled landscape of broken concrete and metal. Every acre is weighed down by more than 3,000 tons of rubble, much of it laced with explosives and unexploded ordnance."
  • Adding it up: "Baghdad estimates $100 billion is needed nationwide to rebuild. Local leaders in Mosul, the biggest city held by IS, say that amount is needed to rehabilitate their city alone."
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