The Iraqi parliament has approved a 10-year reconstruction plan that will be launched in 2018, according to the state news agency Rudaw.
The plan, which was announced in March, involves investment in areas most affected by the governments war with Islamist militants across the country.
The Rudaw report quoted a senior Iraqi politician, Harith al-Harithy, as saying: The government has devised a 10-year plan for reconstruction to be launched in 2018 . The plan involves the spending of massive funds and will concentrate on rebuilding the infrastructure and cities liberated from Daesh [Islamic State in Iraq and Syria Isis], he said.
Regional and international creditors are due to meet in Kuwait next year to discuss reconstruction in Iraq, which could need nearly $100bn for such projects, according to Al-Harithy.
In August, MEED reported that the authorities had estimated that reconstruction of the Mosul and Anbar provinces will cost about $100bn.
Iraq has found it difficult to secure new donor commitments. According to the UN Office for the Coordination of Humanitarian Assistance, only 43 per cent of the $985m Humanitarian Response Plan for Iraq in 2016 has been received, leaving more than $500m still to be disbursed.
But Iraqs own Reconstruction Fund for Areas Affected by Terrorist Operations claims to have made a quick start, revealing in May that more than 151 projects had been launched in several provinces liberated from Isis.