Kuwait Pledges $2 Billion for Iraq's Reconstruction

Kuwait will lend $1 billion to Iraq and commit a further $1 billion of investment to the country, Kuwaiti Emir Sheikh Sabah al-Ahmad al-Jaber al-Sabah told an international conference on Iraq’s reconstruction on Wednesday.


Donors and investors have gathered in Kuwait this week to discuss efforts to rebuild Iraq’s economy and infrastructure as it emerges from a devastating conflict with Daesh militants who seized almost a third of the country.

“Kuwait will earmark $1 billion in loans to Iraq and will commit to another $1 billion as investments in Iraq,” said Sheikh Sabah, according to Reuters.
 (Tasnim)
 14/2/18