Kuwait pledges $2bn for Iraq reconstruction
February 14 2018 11:19 AM
Kuwaiti Foreign Minister Sheikh Sabah al-Khaled al-Sabah (C) stands next to Iraq Prime Minister Haid
Kuwaiti Foreign Minister Sheikh Sabah al-Khaled al-Sabah (C) stands next to Iraq Prime Minister Haider al-Abadi, EU Foreign Policy Chief Frederica Mogherini, UN Secretary General Antonio Guterres as they pose with other officials for a group photo on the second day of an international conference for reconstruction of Iraq, in Kuwait City.

Kuwait City/AFP

The emir of Kuwait pledged $2 billion towards the reconstruction of neighbouring Iraq, at an international donors' conference in Kuwait City on Wednesday. 

Emir Sheikh Sabah al-Ahmad Al-Sabah said $1 billion will be in the form of loans, and the rest will be invested in projects in the war-battered country.
Baghdad says it needs nearly $90 billion to rebuild after three years of war with the Islamic State group devastated homes, schools, hospitals and other infrastructure.

Last updated: February 14 2018 12:07 PM


There are no comments.

LEAVE A COMMENT Your email address will not be published. Required fields are marked*
MORE NEWS