General view of a building of the University of Mosul destroyed during the battle with Islamic State militants, in Mosul, Iraq January 30, 2017. REUTERS/Ahmed Jadallah
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The World Bank plans to offer Iraq financial support in parallel with projects to foster reconciliation after Daesh's (ISIS) defeat, its regional director said Monday, to ensure that reconstruction after years of conflict is sustainable.While mainstream Shiite, Sunni and Kurdish forces are taking part or supporting the battle to dislodge Daesh from Mosul, their politicians are yet to heal rifts that followed the U.S.-led invasion of Iraq in 2003 .The World Bank approved in December a new loan of $1.485 billion to help Iraq lessen the impact of low oil prices on its economy and shoulder the cost of the war on Daesh, bringing its total support to the nation to nearly $3.4 billion.Iraqi authorities have played down the threat, estimating only a 1-in-1,000 chance of failure.
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