The Latest: Turkey pledges $5B, Qatar $1B to rebuild Iraq

News

KUWAIT CITY — The Latest on the conference under way in Kuwait to help Iraq rebuild after the devastating war against the Islamic State group (all times local):

2 p.m.

Turkey has pledged $5 billion while Qatar has pledged $1 billion to help rebuild Iraq after the war on the Islamic State group.

Turkey’s Foreign Minister Mevlut Cavusoglu and Qatar’s Foreign Minister Mohammed bin Abdurahman Al Thani made the announcements in Kuwait City at a donor conference on Wednesday.

Meanwhile, the United Arab Emirates pledged $500 million while Germany pledged 500 million euros.

Earlier in the day, Kuwait’s ruling emir said his oil-rich nation will give $1 billion in loans and $1 billion in direct investments to help rebuild Iraq. Saudi Arabia pledged $1.5 billion.

Overall, Iraq is seeking $88.2 billion in aid from donors.

——

1:30 a.m.

Saudi Arabia has pledged $1.5 billion to help rebuild Iraq after the war with the Islamic State group.

Saudi Foreign Minister Adel al-Jubeir made the pledge on Wednesday at a donor’s summit at Bayan Palace in Kuwait City. Wednesday is the last day of an appeal for funding to come forward at the Kuwait conference.

Earlier in the day, Kuwait’s ruling emir said his oil-rich nation will give $1 billion in loans and $1 billion in direct investments to help rebuild Iraq.

Overall, Iraq is seeking $88.2 billion in aid from donors.

——

10:50 a.m.

Kuwait’s ruling emir says his oil-rich nation will give $1 billion in loans and $1 billion in direct investments to help rebuild Iraq.

Sheikh Sabah Al Ahmad Al Sabah made the announcement on Wednesday at a summit seeking donations to help rebuild Iraq after the war against the Islamic State group.

The announcement is in many ways stunning — many at the gathering in Kuwait remember how Iraq under dictator Saddam Hussein invaded Kuwait only a generation ago. It shows Kuwait’s deep desire to see its northern neighbour have a stable government after the years of unrest following the 2003 U.S.-led invasion that toppled Saddam.

Overall, Iraq is seeking $88.2 billion in aid from donors.

…read more

Source:: Nationalpost

      

(Visited 3 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *