Iraq: US$70 billion for development projects

According to <i>Kululiraq</i>, Iraqi planning and development cooperation minister Dr. Mahdi Alhafez announced that for last year’s reconstruction projects a sum of US$1.8 for 121 projects was distributed among all sectors and ministries.

Alhafez said that this number reflects the efforts that the ministry has made to implement vital projects.

The minister added that for 2005-2007, the ministry has prepared a strategy for development that its budget is estimated at US$70 billion. This plan covers all aspects of the economy.