The United States, which led the coalition that provided the Iraqi armed forces with crucial air-support in the fight against IS, does not plan on pledging any money at the Kuwait conference, according to American officials.
About $22 billion will be required in the short term and $65 billion in the medium term, Reuters reported Adulfattah saying at the conference, which was arranged to discuss Iraq's reconstruction.
"Rebuilding Iraq is restoring hope to Iraq, and restoring the stability of Iraq is stabilising the states of the region and the world", said Planning Minister Salman al-Jumaili, adding that the reconstruction was therefore also the responsibility of the global community.
Lise Grande, UN humanitarian co-ordinator for Iraq, said failure to help Iraq could lead to renewed instability.
Officials said housing was an urgent priority - the war damaged some 138,000 housing units, of which half had been completely destroyed.
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He reiterated that Egypt is keen on extending its unique expertise in the accomplishment of mega national projects in a record time to Iraq, especially that the war-torn country needs a lot of logistic services as soon as possible like projects in the fields of energy, hospitals and schools, to pave the way for the return of thousands of displaced people.
A US -led invasion toppled Saddam Hussein and was followed by years of insurgency, sectarian bloodletting between Sunnis and Shi'ites, as well as ethnic tensions between the Arabs and Kurds, all before ISIL emerged in 2014. Iraq needs US$88.2 billion to rebuild after years of war against the Islamic State group, Planning Minister Salman al-Jumaili said Monday, as an global conference on the country's reconstruction opened in Kuwait.
Awat told KUNA that the Foundation will take part in the "Conference of Non-Governmental Organizations (NGOs) to Support the Humanitarian Situation in Iraq" on February 12, 2018. We will always be there.
Baghdad declared victory against IS in December, after nearly three years of war against the jihadist group that left large swathes of the country destroyed and millions displaced.
"Rebuilding Iraq is restoring hope to Iraq, and restoring the stability of Iraq is stabilizing the states of the region and the world", said Planning Minister Salman al-Jumaili, adding that it also fell on the worldwide community to aid reconstruction.