$30bn pledged for Iraq reconstruction
$30bn pledged for Iraq reconstruction
Governments, global funds, organizations and investors offered $30 billion in loans and investment to repair the structural damage inflicted on the country during the three-year war with Daesh.
Foreign Minister Adel Al-Jubeir said the pledge from Saudi Arabia included a $1 billion loan through the Saudi Fund for Development and $500 million in export credit.
Kuwait said it would provide $1 billion in loans from the Kuwait Fund for Arab Economic Development and $1 billion in direct investments.
Turkey said it would give Iraq $5 billion in credit lines and Qatar announced $1 billion in loans and investments.
The UAE pledged $500 million for rebuilding, Germany said it would provide $350 million in assistance and Britain pledged up to $1 billion annually in export credit over 10 years.
Iraq said it needs $88 billion to rebuild areas of the country decimated by the Daesh occupation and the battle to defeat the extremists.
“Our meeting today is a continuation of our pursuits to counter and combat terrorism and counter the dangers and challenges it brings,” said Kuwait Emir Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah. “The stability and security of Iraq means the stability and security of Kuwait and the whole region.”
The donations on the third day of the conference still fell far short of the overall figure required by Iraq to rebuild.
Iraqi officials estimate that $17 billion needs to go toward rebuilding homes. The UN estimates 40,000 homes need to be rebuilt in Mosul alone.
“We look at the future of Iraq with confidence…we are determined to succeed to create the inclusiveness (of the Iraqi people) despite the challenges that we face today and will face in the future,” Iraqi Prime Minister, Haider Abadi, said.
He also said the money would not be lost to corruption — “one of the reasons for the rise of terrorism”.
“Last week, we launched a string of measures to simplify procedures for investments,” Abadi said.
EU foreign policy chief Federica Mogherini said Iraqi people were finally united for a common purpose, which is the defeat of Daesh and the rise of a new Iraq.
“Despite years of conflict, there is still a common identity that binds together the people of Iraq,” she said.
“We have to ensure that the dark days of Iraq are gone for good. Investing in infrastructure is essential, so is investing in human capital.”
Mogherini said the EU aid would go toward humanitarian development and stabilization.
Millions of Iraqis have returned to their homes to rebuild their lives, but 2.5 million remained displaced, according to the UN.
UN Secretary-General, António Guterres, used the conference to launch a program focused on revitalizing areas of Iraq most at risk of violence and supporting an inclusive political process.
“Iraqis are building a new Iraq,” Guterres said. “An Iraq that is ready for wide-ranging reforms, including to its public finance and security sectors. The UN system will do its part and stand with you every step of the way.”
Other pledges came from Japan, which said it would contribute $100 million this year through UN agencies and international organizations.
US Secretary of State Rex Tillerson on Tuesday said the Export-Import Bank of the United States was set sign a $3 billion memorandum of understanding with Baghdad, which would “set a stage for future cooperation across key sectors of Iraq’s economy including oil and gas, transportation, and commodities.”
Daesh seized large areas of north and west Iraq in 2014. Baghdad finally announced the extremist’s defeat in December.
Cities like Mosul and Ramadi suffered the worst destruction during the group’s violent occupation. Extensive damage was also done to the country’s infrastructure, including the oil and gas sectors.
UN chief proposes options to protect Palestinians, Israel says ‘no’
- Israel rejects report saying the protection should be against Palestinian leaders
- The UN chief stressed that for each of the options, cooperation by Israel and the Palestinians would be necessary
UNITED NATIONS: UN Secretary-General Antonio Guterres on Friday presented four options aimed at boosting the protection of Palestinians in Israeli-occupied territories, from sending UN rights monitors and unarmed observers to deploying a military or police force under UN mandate.But the report has been rejected by the Israelis. Israel’s UN Ambassador Danny Danon said in a statement late Friday that “the only protection the Palestinian people need is from their own leadership.”
“Instead of suggesting ways to protect the Palestinian people from Israel, the UN should instead hold the Palestinian leadership accountable for continually endangering its own people,” Danon said.
“The report’s suggestions will only enable the Palestinians’ continued rejectionism.”
The proposals were contained in a report requested by the General Assembly in response to a surge of violence in Gaza, where 171 Palestinians have been killed by Israeli fire since late March.
The UN chief stressed that for each of the options, cooperation by Israel and the Palestinians would be necessary. It remained unlikely however that Israel would agree to the proposals.
In the 14-page report, Guterres proposed:
• Providing a “more robust UN presence on the ground” with rights monitors and political officers to report on the situation.
• Pouring in more UN humanitarian and development aid to “ensure the well-being of the population.”
• Creating a civilian observer mission that would be present in sensitive areas such as checkpoints and near Israeli settlements, with a mandate to report on protection issues.
• Deploying an armed military or police force, under a UN mandate, to provide physical protection to Palestinian civilians.
A UN mandate for a protection force would require a decision from the Security Council, where the United States could use its veto power to block a measure opposed by Israel.
A small European-staffed observer mission was deployed in the West Bank city of Hebron in 1994, but Israel has since rejected calls for an international presence in flashpoint areas.
In the report, Guterres said the United Nations was already undertaking many protection initiatives but that “these measures fall short” of the concerns raised in a General Assembly resolution adopted in June.
In that measure, the 193-nation assembly condemned Israel for Palestinian deaths in Gaza and tasked Guterres with the drafting of proposals for “an international protection mechanism” for the Palestinians.
Guterres argued that a political solution to the conflict was needed to address the safety of Palestinians but that “until such a solution is achieved, member-states may further explore all practical and feasible measures that will significantly improve the protection of the Palestinian civilian population.”
“Such measures would also improve the security of Israeli civilians.”
On Friday, Israeli troops shot dead two Palestinians taking part in protests along the Gaza border and 270 other Palestinians were wounded.
Israel has defended its use of live ammunition in Gaza by invoking its right to self-defense. One Israeli soldier was shot dead by a Palestinian sniper in July.
“The targeting of civilians, particularly children, is unacceptable,” Guterres said in the report, adding that “those responsible for violations of international humanitarian law must be held accountable.”
UN efforts to ensure the well-being of Palestinians must strengthened, he added, singling out the funding crisis at the UN’s Palestinian refugee agency UNRWA as being “of particular concern.”
UNRWA is facing a major budget shortfall after President Donald Trump’s administration decided to withhold its contribution to the agency.
The report released to all UN member-states comes amid a vacuum in Middle East peace efforts as European and other big powers await a peace plan from the Trump administration that has been under discussion for months.
UN diplomats have recently begun questioning whether the US peace plan will ever materialize.
The United Nations has warned that a new war could explode in Gaza.
Israel and Palestinian militants in Gaza, including its Hamas rulers, have fought three wars since 2008.