Iraq needs $88.2 billion to rebuild in wake of war against ISIS, minister says
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Iraq needs $88.2 billion to rebuild in wake of war against ISIS, minister says

It will take a staggering $88.2 billion to rebuild parts of Iraq devastated by the war against ISIS, according to the country's minister of planning.

During an international donors conference in Kuwait regarding Iraq reconstruction, Salman Al-Jameeli said in a statement Tuesday that "$22.9 billion [is] needed for Iraq in the short term, [and] $65.4 billion over the medium term."

The funds would go to the vast swaths of Iraqi territories seized by ISIS during the jihadist group's brutal conquest that started in June 2014, the minister said.

Homeless Iraqi people push their belongings through the rubble of al-Rashid military base belonging to the former Iraqi army in Baghdad, Iraq, Feb. 12, 2018. Kuwait this week is hosting a series of conferences on rebuilding Iraq after the onslaught of the Islamic State group.
Umm Hassan holds her son as she works in her open air kitchen outside her hut in an encampment for the displaced, outside Baghdad, Iraq, Feb. 12, 2018.

Seven governorates across Iraq -- including Ninawa, which encompasses the county's second-largest city of Mosul -- suffered about $46 billion in total damages. In addition, Iraq's security sector sustained $14 billion in total damages, while Iraqi banks lost $10 billion in cash assets, according to the minister.

U.S. Secretary of State Rex Tillerson, who attended the donors conference, did not offer any new direct aid pledges to Iraq. But, he announced a $3 billion financial package from the Export–Import Bank of the United States, which includes loan guarantees and insurance to spur American investment in Iraq.

Iraq special forces conduct an operation targeting possible remaining Islamic State (IS) group jihadists in the Wadi Shabjah area, south of holy Shiite city of Najaf , on the border with Saudi Arabia, Feb. 12, 2018.
An Iraqi woman inspects the destruction in the old city district in the western part of Mosul city, Iraq, Feb. 3, 2018.
An Iraqi man inspects the destruction at the old city area, in the west side of Mosul city, Iraq, Feb. 2, 2018.
AP photographer Felipe Dana has been covering what is believed to be the final push to clear ISIS fighters out of the city of Mosul where the U.N. estimates over 870,000 people have already been forced from the... Photo Credit: Felipe Dana/AP
An Iraqi Special Forces soldiers watches for Islamic State militants as they continue their advance in the Old City of Mosul, Iraq, Monday, July 3, 2017. Photo Credit: Felipe Dana/AP
An injured girl is carried to receive medical assistance as Iraqi forces continue their advance against Islamic State militants in the Old City of Mosul, Iraq, July 3, 2017. Photo Credit: Felipe Dana/AP
An injured Iraqi army soldier is illuminated by a flashlight as he is treated at a field hospital while Iraqi forces continue their advance against Islamic State militants in the Old City of Mosul, Iraq, July 7... Photo Credit: Felipe Dana/AP
Civilians trying to flee get undressed to be checked for explosives after suicide bombers exploded as Iraqi forces continue their advance against Islamic State militants in the Old City of Mosul, Iraq, July 3, ... Photo Credit: Felipe Dana/AP
A woman screams while fleeing with her family through a destroyed alley, as Iraqi Special Forces continue their advance against Islamic State militants, in the Old City of Mosul, Iraq, July 2, 2017. Photo Credit: Felipe Dana/AP
An Iraqi Special Forces soldier exchanges fire with Islamic State militants in the Old City of Mosul, Iraq, Friday, June 30, 2017. Photo Credit: Felipe Dana/AP
Iraqi special forces Lt. Col. Salam Hussein, center, and his team watch Islamic State positions using a surveillance camera near the frontline in the Old City of Mosul, Iraq, June 28, 2017. Photo Credit: Felipe Dana/AP
An Iraqi girl flees through a destroyed street as Iraqi Special Forces continue their advance against Islamic State militants in the Old City of Mosul, Iraq, July 2, 2017. Photo Credit: Felipe Dana/AP
A Federal Police Rapid Response Force fighter walks inside a building at Mosul's main hospital complex after it was retaken by Iraqi forces during fighting against Islamic State militants, in Mosul, Iraq, July ... Photo Credit: Felipe Dana/AP
A suspected Islamic State fighter sits in a basement as Iraqi forces continue their advance against Islamic State militants in the Old City of Mosul, Iraq, July 3, 2017. Photo Credit: Felipe Dana/AP
An Iraqi Special Forces soldier stands in position in an alley as Iraqi forces continue their advance against Islamic State militants in the Old City of Mosul, Iraq, July 3, 2017. Photo Credit: Felipe Dana/AP
An Iraqi Special Forces soldier walks in the destroyed al-Nuri mosque complex as Iraqi forces continue their advance against Islamic State militants in the Old City of Mosul, Iraq, July 2, 2017. Photo Credit: Felipe Dana/AP
An exhausted Iraqi woman takes a break while fleeing through a destroyed street, as Iraqi Special Forces continue their advance against Islamic State militants, in the Old City of Mosul, Iraq, July 2, 2017. Photo Credit: Felipe Dana/AP
Iraqi civilians flee through an alley as Iraqi Special Forces continue their advance against Islamic State militants in the Old City of Mosul, Iraq, July 3, 2017. Photo Credit: Felipe Dana/AP
Fleeing Iraqi civilians walk past the heavily damaged al-Nuri mosque as Iraqi forces continue their advance against Islamic State militants in the Old City of Mosul, Iraq, July 4, 2017. Photo Credit: Felipe Dana/AP
Federal policemen carry food to the frontline during fighting against Islamic State militants in the Old City of Mosul, Iraq, June 26, 2017. Photo Credit: Felipe Dana/AP
External view of Mosul's main hospital complex shows damage after it was retaken by Iraqi forces during fighting against Islamic State militants, in Mosul, Iraq, July 4, 2017. Photo Credit: Felipe Dana/AP
Zeid Ali, 12, left, and Hodayfa Ali, 11, comfort each other after their house was hit and collapsed during fighting between Iraqi forces and Islamic State militants in Mosul, Iraq, June 24, 2017. The Ali cousin... Photo Credit: Felipe Dana/AP
Fleeing Iraqi civilians walk past the heavily damaged al-Nuri mosque as smoke rises in the background in the Old City of Mosul, Iraq, Tuesday, July 4, 2017. As Iraqi forces continued to advance on the last few ... Photo Credit: Felipe Dana/AP

Tillerson also urged members of the international coalition battling ISIS to help rebuild Iraq.

"As we celebrate these victories over extremism and hatred, we know they were hard-won, and they came at a very high price. Much work remains to rebuild Iraq and modernize its economy," Tillerson said in remarks made at the conference Tuesday. "Everyone in this room has an opportunity to help set Iraq on a new course and contribute to its long-term development success."

An official with the U.S. Department of State told ABC News the conference was "never intended to be a pledging conference, but rather the initial roll-out on behalf of the Iraqi government."

Civilians who had remained in west Mosul during the battle to retake the city, lined up for an aid distribution in the Mamun neighborhood in Iraq July 2017.
An unidentified young boy, who was carried out of the last ISIS controlled area in the Old City by a man suspected of being a militant, that is cared for by Iraqi Special Forces soldiers in Mosul, Iraq, July 12, 2017.
Thousands of civilians are trapped in the old city of Mosul and struggling to survive without food, water and access to medical care. <br> <br>A team from Global Response Management provide emergenc... Photo Credit: Carol Guzy/ZUMAPRESS.com via Newscom
Refugees are given food, water and any emergency medical care needed, after they are separated into two groups for security screening. The Global Response Management is a group of volunteers that provides medic... Photo Credit: Carol Guzy/ZUMAPRESS.com via Newscom
According to the AP, in the weeks leading up to the operation to retake the Old City, UN and human rights groups warned the Iraqi government against the use of explosive weapons with wide effects: In the Old Ci... Photo Credit: Carol Guzy/ZUMAPRESS.com via Newscom
A team from Global Response Management provide emergency medical care at a stabilization point near the Old City in Mosul, Iraq, July 2, 2017. Civilians flee the continued battle with ISIS in West Mosul amid ru... Photo Credit: Carol Guzy/ZUMAPRESS.com via Newscom
A team from Global Response Management provide emergency medical care at a stabilization point near the Old City in Mosul, Iraq, July 2, 2017. Photo Credit: Carol Guzy/ZUMAPRESS.com via Newscom
A severely injured Iraqi is treated by medical volunteers near the Old City, July 2, 2017, in Mosul, Iraq. <br><br>Captain Bassam Khadim told the AP, Iraq's federal police declared a partial victory... Photo Credit: Carol Guzy/ZUMAPRESS.com via Newscom
Civilians flee the continued battle with ISIS in West Mosul, amid ruins of the city, July 2, 2017, in Mosul, Iraq. <br> <br> Once civilians have successfully passed the screening process, they are g... Photo Credit: Carol Guzy/ZUMAPRESS.com via Newscom
A man carries an injured child to a stabilization point near the Old City to receive medical care, July 2, 2017, in Mosul, Iraq. Photo Credit: Carol Guzy/ZUMAPRESS.com via Newscom

In October 2016, Iraqi forces as well as Kurdish forces, known as peshmerga, launched a massive operation to liberate Mosul from ISIS control. The fight affected densely populated neighborhoods within the war-torn city and had displaced nearly 192,000 people by March 2017, according to the Geneva-based Internal Displacement Monitoring Center.

Iraqi Prime Minister Haider al-Abadi declared victory over ISIS in December 2017. By the end of the year, while 3.2 million people had returned to their homes, another 2.6 million remained displaced in Iraq, according to the United Nations migration agency.

ABC News' Conor Finnegan contributed to this report.