Talks on forming Iraq’s next government are underway, and once complete the new entity will face a host of issues that come with hefty price tags. Assuming prime minister designate Adil Abd al-Mahdi is able to form a cabinet, he will inherit a vastly improved situation than his predecessor Haidar al-Abadi did in 2014 when Islamic State (IS) was running rampant (MEES, 26 September 2014).

The next PM will, however, have to deal with the reconstruction following the devastating conflict with the group, and that is going to cost a lot of money. As much as $88bn. (CONTINUED - 1089 WORDS)