Region

Kuwait pledges $2bn for Iraq reconstruction

Kuwait City/AFP

February 14, 2018 | 11:19 AM

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.

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.

By Kuwait City/AFP

February 14, 2018 | 11:19 AM